PalmStar acquired worldwide rights to the book several weeks ago and TriStar moved quickly to ensure the project ended up at their studio. Hannah Minghella, who spearheaded the deal for TriStar, will oversee the project along with Nicole Brown.
PalmStar Media’s Kevin Frakes will produce with Harvey Weinstein and Laurence Fishburne.
More than 65 million copies of the novel have been sold worldwide, making it one of the top 10 bestselling books. “The Alchemist” has also been translated in 80-plus languages.
“I’m thrilled to be partnering with PalmStar on ‘The Alchemist.’ Like most fans of the book, I remember where I was when I first read ‘The Alchemist,'” Minghella said. “It is a story I have returned to over the years and it has long been a dream to bring this insightful, magical, and cinematic adventure to the screen. It’s easy to see why the book has connected with more than 65 million people around the world, and we’re committed to making a film that authentically captures its power and expands its reach.”
Brian Burkin negotiated on behalf of TriStar and Craig Emanuel negotiated for PalmStar. Deadline Hollywood first reported the news.