The moment all “Lord of the Rings” fans have been waiting for for years has arrived, as Warner Bros. and New Line announce they have signed a deal to produce more “Lord of the Rings” movies.Lord of the rings” and “The Hobbit”.
Until now, it is not yet known if these films will be sequels that will continue the events after the trilogy or the epic pre-series of Peter Jackson, but according to the first information, it is not a single film but a series of films.
Specifically, the CEO of Warner Bros. Discovery, David Zaslav, on Thursday (23/02) that An agreement was reached to produce “multiple” films based on books by J.R.R. Tolkien. The cost of the deal with Embracer Group, the Swedish game company that owns the rights to Tolkien in most countries of the worldnot yet disclosed.
The films will be developed by Warner Bros’s New Line Cinema, which also produced a trilogy directed by Peter Jackson between 2001 and 2003. The films brought in nearly $3 billion Around the World, while the third film in a row, The Return of the King won 11 Academy Awardsincluding the Oscar for Best Picture.
In their joint statement at diverse, the Jackson and his close associates in The Lord of the Rings, The Fran Walsh and Philippa Boyens He stated that Warner Bros. And Embracer “kept us informed every step of the way” regarding new films.
“We look forward to speaking with them further to hear what they see for the franchise moving forward,” said Jackson, Walsh and Boyens.
Embracer acquired the rights to The Lord of the Rings films, games, merchandise, theme parks, and live-action products when Bought Middle Earth Enterprises in 2022.
“Following our recent acquisition of Middle-earth Enterprises, we are thrilled to embark on this new journey of collaboration with New Line Cinema and Warner Bros. Pictures, bringing the unparalleled world of JRR Tolkien back to the big screen in new and exciting ways,” said Lee Goinshard, CEO. For Embracer Freemode.
“We understand the appeal of these projects, and working with our partners at New Line Cinema and Warner Bros. Pictures, we intend to honor the past, look to the future, and maintain the highest level of quality and production values.”
New Warner Bros. heads-up Mike De Luca and Pam Abdi, who oversee Warner films and New Line, are behind the new multi-year deal which means the studio will be able to develop Feature films based on Tolkien’s The Lord of the Rings and The Hobbit.
Di Luca and Abdi said New Line “took an unprecedented leap of faith” in Tolkien’s world two decades ago, but noted that any new films wouldn’t necessarily revisit what Jackson’s films covered, saying: Two trilogies The vast, complex, and awe-inspiring universe dreamed up by J.R.R. Tolkien remains largely unexplored“.
Zaslav, who is in charge of deep cuts to Warner Bros Discovery after the merger of WarnerMedia and Discovery Inc last year, has spoken of the need for more movie franchises to turn a profit. the media group announced on Thursday $2.1 billion in losses mainly attributed to downgrades from merger.
New Line and Warner Bros. are working. Animation on the movie the Lord of the Rings: War of the Rohirrim, an animated film set 183 years before the events of The Lord of the Rings. The movie, which expands the story of Helm Hammerhand, the legendary leader of the kingdom of Rohan, is expected to be released In theaters April 2024.
Amazon continues to own the TV rights to The Lord of the Rings. The tech giant’s first series, The Lord of the Rings: The Rings of Power, cost more than $450 million to make.
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