Contactmusic.com reports that Pirates of the Caribbean director Gore Verbinski has been signed to adapt hit videogame Bioshock for the screen.

The hit video game is set in dystopian underwater city during the mid-20th century has won many awards and sold millions of units worldwide. It’s considered to have taken the First Person Shooter to a new level in game playing.

Take Two Interactive, the creators of Bioshock, and Universal Studios haven’t given the details of the deal but rumor has it that it could be the biggest for a film adaptation of a videogame, bigger than what Microsoft earned for the rights for Halo ($5 million) in 2005.

Verbinski says of the project:

“I think the whole utopia-gone-wrong story that’s cleverly unveiled to players is just brimming with cinematic potential,”

He goes on to say:

“Of all the games I’ve played, this is one that I felt has a really strong narrative.”

Let’s keep our fingers crossed that this doesn’t fall prey to similar issues that aborted the Halo movie project.