Get ready for some not so unfortunate news.

Netflix Inc., one of the leading streaming services worldwide, announced on Nov. 5 that it is developing an original series based on Lemony Snicket’s “A Series of Unfortunate Events” books.

The streaming service is partnering with Paramount Pictures—the producer of the 2004 movie based on the series—to develop the show. Netflix has not announced a tentative release date.

“On the search for fantastic material that appeals to both parents and kids, the first stop for generations of readers is ‘A Series of Unfortunate Events,’” Cindy Holland, vice president for original content for Netflix, told Variety. “The world created by Lemony Snicket is unique, darkly funny, and relatable. We can’t wait to bring it to life for Netflix members.”

Netflix has been aggressively expanding its roster of original content as it faces stiffer competition from networks entering the streaming market. The streaming service is already is riding high with a 38 percent increase in revenues for the third quarter to $1.2 billion. It now has 53 million subscribers compared to 40 million last year on the back of strong interest for its original shows.

“A Series of Unfortunate Events” will join other Netflix original shows like “Orange is the New Black” and “House of Cards,” series that are decidedly not viewing for the whole family.

The books are written by Daniel Handler, who maintains in public that he is only “often mistaken” for Lemony Snicket and is not the actual author. The series intentionally keeps its author and narrator a mystery.

“A Series of Unfortunate Events” spawned 13 books that ran from 1999 to 2006.

The series follows the lives of the three Baudelaire children Violet, Klaus and Sunny after their parents died in a mysterious fire. They were sent to live with Count Olaf who tries to steal their inheritance.

The 2004 movie version starred Jim Carrey as the villainous Count Olaf. It grossed $209 million worldwide and received mostly positive reviews. A sequel was planned but was shelved.

It is still unclear if the Netflix show will be a sequel to the movie or reboot the whole series.

Netflix announced in September that it would start producing original movies. Its first movie project—a sequel to “Crouching Tiger, Hidden Dragon”—will be released in August 2015 in select IMAX theaters and on the streaming service.

The company also announced a partnership with comedian Adam Sandler to produce and develop four movies that will be exclusively released on the streaming service.

Its stock closed on Nov. 6 at $383.18 up 0.87 percent from the previous day.