European film studio Hope Studios, led by Fredrik Wikström Nicastro, the veteran producer behind Sony’s hit Tom Hanks movie “A Man Called Otto,” is setting up a feature adaptation of Robin Sharma’s “The Monk Who Sold His Ferrari,” the bestselling book about a life-changing journey.

Based on Sharma’s own search for life’s true purpose, “The Monk Who Sold His Ferrari” tells the story of Julian Mantle, a lawyer forced to confront the personal crisis of his out-of-balance life after a tragedy – and his transformational journey through India. Translated into 70 languages, the book has sold over 10 million copies since being first published in 1999.

The project is the latest high profile IP tackled by Hope Studios, the banner launched in November 2023 by Wikström Nicastro who spent 18 years at the Nordic powerhouse Sf Studios and became one of its pillars, producing more than 20 movies. During his tenure at the banner,...