Amazon studios have just spent a sizeable amount of money on the rights to a The Lord of The Rings TV series.
Specifics of the deal are now undisclosed, but the deal is said to include a potential additional spin-off series. "[We] are thrilled to be taking "The Lord of the Rings' fans on a new epic journey in Middle Earth".
"We are honoured to be working with the Tolkien Estate and Trust, HarperCollins and New Line on this exciting collaboration for television". The forthcoming series will be produced by Amazon Studios, The Tolkien Estate, book publisher HarperCollins, and New Line Cinema - the division of Warner Bros. that produced the celebrated film trilogy, which premiered in the early aughts and went on to cinch 17 Academy Awards.
The announcement marks the studio's biggest acquisition since former Amazon Studios President Roy Price resigned last month while on suspension and facing sexual harassment allegations.
A Screen Industry Guild representative said they hadn't heard "a whisper" of any Lord of the Rings series being filmed in New Zealand.
The production budget will likely add another $100-$150 million a season - but Amazon is seen as having deep pockets, as chairman Jeff Bezos has challenged his creative teams to come up with a prestigious fantasy series to rival "Game Of Thrones".
Peter Jackson's early 2000s adaptions of "The Lord of The Rings" brought in almost $3 billion at theaters and won 17 Academy Awards, according to outcome of Sound. Amazon Studios is bringing the classic The Lord of the Rings fantasy novel series to the small screen with a streaming series based on the books by J.R.R. Tolkien.
Jackson has since made another, less profitable, trilogy based on The Hobbit, and there are no reports of him being attached to this project as yet.