Amazon to make The Lord of the Rings TV series

Amazon to make The Lord of the Rings TV series

The show will be produced in cooperation with estate of writer J.R.R. Tolkien, publisher HarperCollins, and New Line Cinema, which is a division of Warner Bros and produced Peter Jackson's blockbuster movie adaptations.

The former head of Amazon's studio, Roy Price, who resigned amid sexual harassment allegations last month, said in September that the company was seeking a big hit along the lines of "Game of Thrones", according to Fortune.

Amazon said it will produce a multi-season series that explores new storylines preceding author JRR Tolkien's The Fellowship of the Ring, the first instalment in the famed fantasy trilogy. The Lord of the Rings franchise could be just that for Bezos and Amazon. The new plan will be to appeal to a global audience with engaging shows that speak to a more diverse public. Amazon canceled two female-centered period dramas: The '60s-set "Good Girls Revolt" was not renewed for a second season in December, and the Zelda Fitzgerald series "Z: The Beginning of Everything" was axed this fall when the studio reversed itself after a surprise renewal.

Specifics of the deal are now undisclosed, but the deal is said to include a potential additional spin-off series.

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Now, the next adaptation will live on Amazon with a multiple-season commitment, so this is all really exciting for Amazon and fans of the characters and stories that exist in J.R.R. Tolkien's universe. There is also a chance some proposals arise to tap into other source material like The Silmarillion.

No launch date or cast members for the new series was announced by Amazon.

Experts estimate the deal for the TV rights for The Lord of the Rings could have been worth $250 million. The budget alone for the original Lord of the Rings trilogy was $320 million, so having to spend that much on rights alone is quite the investment.

Still, the fact that the series will not follow the events laid out in the books raises the question of whether or not the series will match the quality of the books and films that preceded it.

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