Warhammer simulates battles between armies of miniature painted models.
The deal gives Amazon the rights to hire talent, and to make film and TV projects.
“Now comes the fun part: working out all the creative details with our partners and getting the first script written and into production. What Warhammer 40,000 stories should we tell first? Should we kick off with a movie or a TV show? Both?!” Games Workshop said in statement.
The streamer, also known for TV series The Lord of the Rings: The Rings of Power TV, based on the fantasy novels of J.R.R. Tolkein, has enjoyed continued success after the pandemic, which saw sales of its toy figurines surge.
Shares in the company rose after the deal was confirmed.
The announcement comes a year after the British company first said it was in talks to team up with Amazon.
A team of screenwriters is currently being put together to bring the Warhammer universe to the screen, the company said on its community website.
The first Games Workshop store opened in Hammersmith in 1978 and began producing miniature wargaming models.
Over the decades Games Workshop has cultivated a fanbase of millions.
Collectors build large forces of miniature plastic gaming models, which can cost more than £100 each.
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