Amazon Studios announced they have bought the rights to produce a TV series based on J.R.R. Tolkein's best selling Lord of the Rings Books.
With its fantastical setting and characters, The Lord Of The Rings bears a superficial resemblance to HBO's Game Of Thrones, now one of the biggest shows in the world. Given the success of the film trilogy, experts are quite skeptical about how Amazon will execute its Lord of the Rings TV series.
The Amazon Prime Video adaptation will focus on new stories in a prequel to The Fellowship of the Ring, the first of three fantasy novels in Tolkien's beloved Rings series.
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The Tolkien estate had approached Amazon, Netflix and HBO with the project asking for an upfront rights payment somewhere in the range of $200 - $250 million and Amazonlanded the deal by paying close to $250 million.
A representative for the Tolkien Estate 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".
"'The Lord of the Rings" is a cultural phenomenon that has captured the imagination of generations of fans through literature and the big screen", said Sharon Tal Yguado, head of scripted series for Amazon Studios. It will be a multi-season production.
The Lord of the Rings series will be a co-production between Amazon Studios, New Line Cinema, HarperCollins, and the Tolkien Estate and Trust.
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