Amazon Studios spends big bucks for new Lord of the Rings series

Looks like a trio of three-hour movies wasn’t enough. Amazon Studios has officially landed to the rights to a series adaptation of The Lord of the Rings. The news comes in the wake of previously-reported negotiations between Amazon, Warner Bros. Television, and the estate of J.R.R. Tolkien. Amazon will produce the series in-house, with participation from Warner Bros.’ New Line Cinema, the Tolkien estate, and publisher HarperCollins. The series, set in Tolkien’s Middle Earth, will include new storylines that take place before The Fellowship of The Ring, the first installment in the book series. The deal also includes the potential for a new spinoff series. None of this came cheap: Amazon reportedly spent somewhere between $200 million and $250 million for the rights to the book series – and production will reportedly cost around $150 million per season.

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