It’s finally official — BioShock is headed to the big screen. 2K Games has announced that they have reached an agreement with Universal Pictures to develop a big budget movie of the underwater utopia gone wrong, though anything resembling a release date is a total mystery.

BioShock has sold more than 2 million units since its release last summer, has won countless GotY awards and, with a sequel on the way, Take-Two has a major and potentially lasting franchise on their hands. So no one should really be surprised by this news, especially since the rumor mill has been chewing on this for a while now. The only question is — who would do the game justice and finally get a videogame-to-movie adaptation done right?

Gore Verbinski, who directed the Pirates of the Caribbean trilogy, is on board to direct and produce, while talks are under way with John Logan — the Academy Award-nominated screenwriter of Gladiator, The Aviator and Sweeney Todd — to handle the screenplay.

It turns out that Gore Verbinski is quite the gamer as well as a “true fan of BioShock.” Christoph Hartmann, President of 2K Games said having someone like Verbinski on board “was extremely important to us in deciding to move forward with this project.”

Strauss Zelnick, Chairman of Take-Two added, “In partnering with Universal and Gore Verbinski, we have assembled a team that respects the uniqueness of BioShock and will translate it into a powerful movie experience.”