Mark Waters will direct “Blood Sisters,” the first film in a planned franchise based on the “Vampire Academy” young adult novels, Reliance Entertainment and IM Global announced on Friday.

Reliance and IM Global are financing the movie, which is based on the first book in Richelle Mead's best-selling series. There are six books in the series thus far.

Waters' brother Dan Waters adapted the tale, which follows two inseparable vampires, Rose Hathaway and Princess Lissa.

The two attend a school designed to help vampires remain somewhat human as they mature. As humans often do, the two girls both fall for Dimitri, their guardian, but together, they must battle evil forces intent on harming the princess. 

Zoey Deutch will star as Rose while Lucy Fry will play Lissa. Danila Kozlovski will play Dimitri.

Preger Entertainment initially optioned the book, and Michael Preger will produce with Angry Films' Don Murphy and Susan Montford as well as Kintop Pictures' Deepak Nayar.

IM Global CEO Stuart Ford will executive produce the film, which will enter production early in the summer. IM Global will handle foreign sales.