According to the Wall Street Journal, the Legend of Zelda is the next property Netflix is going to be developing into a live-action series. The story of a young man named Link who has to rescue a princess named Zelda and save the world of Hyrule is one of the most popular video games in history. The company is looking at this as a family friendly version of Game of Thrones.
Nintendo, owner of the property that was first released in 1987, hasn't had very good luck with converting their IPs to film with a previous Legend of Zelda animated series lasting only one season (1989) and the Super Mario Bros movie being considered a huge bomb.
The series is in very early production as it is still seeking writers for the project.
[Source: Wall Street Journal]