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The Lord of the Rings TV series being developed by Amazon

Lord of the Rings

Story by Jack Foley

AMAZON is developing a huge Lord of the Rings TV series.

The streaming service has reportedly closed a deal worth $250 million to acquire the global TV rights to The Lord of the Rings, based on the fantasy novels by JRR Tolkien.

In turn, Amazon has given a multi-season commitment to the series, according to Deadline, which also includes the potential for a spin-off series.

Several streaming services had been in contention for the series, having been approached by the Tolkien estate, who had been shopping the project. These included both Netflix and HBO.

Commenting on the deal, Sharon Tal Yguado, Head of Scripted Series, Amazon Studios, told Deadline: “The Lord of the Rings is a cultural phenomenon that has captured the imagination of generations of fans through literature and the big screen.

“We are honoured to be working with the Tolkien Estate and Trust, HarperCollins and New Line on this exciting collaboration for television and are thrilled to be taking The Lord of the Rings fans on a new epic journey in Middle Earth.”

Matt Galsor, a representative for the Tolkien Estate and Trust and HarperCollins, added: “We are delighted that Amazon, with its longstanding commitment to literature, is the home of the first-ever multi-season television series for The Lord of the Rings.

“Sharon and the team at Amazon Studios have exceptional ideas to bring to the screen previously unexplored stories based on J.R.R. Tolkien’s original writings.”

Amazon will now undoubtedly be hoping to create a series that rivals the popularity and cultural identity of HBO’s Game of Thrones, which will also emulate the success of Peter Jackson’s original film trilogy.

Launched in 2001 with The Lord of the Rings: The Fellowship of the Ring, Jackson’s trilogy became a global phenomenon that combined to gross more than $2.9 billion worldwide.

LOTR: The Two Towers was released in 2002, while The Return of the King arrived the following year, becoming only the second film to top $1 billion worldwide.

The third instalment also won 11 Oscars, including Best Picture, Director and Adapted Screenplay.