Shigeru Miyamoto, creator of Zelda, and Avi Arad, chairman of Arad Productions Inc., who has been a producer on a number of hit Marvel movies, will produce the Zelda film.

Investors are likely hoping the same with Nintendo shares surging 6% in Japan on Wednesday.

“By producing visual contents of Nintendo IP (intellectual property) by itself, Nintendo is creating new opportunities to have people from around the world to access the world of entertainment which Nintendo has built, through different means apart from its dedicated game consoles,” Nintendo said in a statement on Wednesday.

Nintendo will co-finance the Zelda film with Sony Pictures. Nintendo will finance more than 50% of the movie and Sony Pictures will be responsible for theatrical distribution. Wes Ball will direct the film.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC.