GK-TV, a division of GK Films, and Gale Anne Hurd's Valhalla Entertainment have partnered to develop and produce a one-hour television series titled Port Royal. Based on an original idea by Hurd, Valhalla brought the project to GK-tv. The two companies will immediately begin developing the project.

Set in the late 17th century on the island of Jamaica, the series will chronicle the namesake port's notorious rise as the "richest and wickedest city" in the new world, and as a self-governing safe haven for cutthroat pirates, corrupt politicians, and ruthless merchants.

"I have been obsessed with pirates and Port Royal for years, and have a library of books on the subject. The real story of privateers and the politics of the era has never been explored on screen, and I'm excited to bring that world to life with the terrific team at GK-tv," said Gale Anne Hurd.

"In keeping with our focus on cinematic television with a global perspective, we see Gale and her team at Valhalla as a phenomenal partner in creating a gritty and authentic series of fantastic scope, set in the dangerous world of Port Royal," said Craig Cegielski. President, GK-tv.

Executive producers include Valhalla Entertainment chairman Gale Anne Hurd, GK-tv's Craig Cegielski, and GK Film's Graham King and Tim Headington. Valhalla's Kris Henigman and Ben Roberts will be the company's creative executives on the series.

Valhalla recently launched the smash hit series The Walking Dead for AMC, and is currently working on a second season.

GK-tv's first television series Camelot starring Joseph Fiennes, Jamie Campbell Bower and Eva Green premieres on Starz, April 1 and will be presented as part of the MIPTV World Premiere TV Screenings in Cannes on April 4, 2011.