Warner Bros. To Revamp ‘Lord Of The Rings’ Movies

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David Zaslav, Warner Bros. CEO, announced Thursday that the studio would be relaunching the fantasy franchise “Lord Of The Rings.”

Variety reports that studio leaders Pam Abdy and Mike De Luca have negotiated a deal for multiple films to be part of the fantasy series. According to Variety, the new “Lord of the Rings” movies are still in the early stages and no actors or directors have been attached yet.

Freemode, a subsidiary of Embracer Group, holds the movie rights to “Lord of the Rings”. Embracer Group announced in August that they had acquired Middle-earth Enterprises, giving them the rights to the motion pictures. Embracer and Warner Bros. Studios have reached a deal that allows them to produce more movies under the famous franchise.

“Following the recent acquisition of Middle-earth Enterprises we are thrilled to embark upon this new collaborative journey alongside New Line Cinemas and Warner Bros. Pictures, bringing J.R.R.R.’s incomparable world to life. According to Variety, Lee Guinchard (CEO of Freemode) said that Tolkien is being brought back to the big screen in exciting new ways.

The original trilogy “Lord of the Rings”, is widely considered to be one of the most important film trilogies of all-time. The films, directed by Peter Jackson, grossed nearly $3 billion at box office and won 17 Academy Awards.

Amazon released “Lord of the Rings: The Rings of Power” a TV series that received mixed reviews despite the fact that it cost $1 billion to make.