Mumbai: Producers Moritz Borman, Peter Graves and international investor and entrepreneur Fabrizio Boccardi have licensed the film rights for The Seven Sins: The Tyrant Ascending by author Jon Land  from rights holder King Midas World Entertainment.

The deal provides Borman as producer and Graves as executive producer with rights to make the first of The Tyrant films plus two sequels subject to certain box office results. Boccardi will be the producer of the film.

The Seven Sins: The Tyrant Ascending, which has recently been published in English by Forge Books, is loosely inspired by the life of Boccardi and is the first of an anticipated series of books and films that introduces the global adventures of daredevil magnate, Michael Tiranno, The Tyrant.

The upcoming film, which is adapted from the novel, is in the very active stages of development with a target theater release date of 2011.

Borman is currently producing Terminator: Salvation. He has also produced a variety of movies including Oliver Stone’s newly released W., World Trade Center, Terminator 3, The Life of David Gale, Alexander, The Quiet American and The Wedding Planner.

 "The Tyrant is an intriguing new type of lead character that we believe could easily form the basis of a new franchised series," said Borman.

"This film will take place in an exciting world of heightened action and intrigue that will definitely make this project standout in the marketplace," said Graves.

Boccardi and King Midas World Entertainment anticipate that through the novel and movie will come the launch of the worldwide Tyrant franchise.