He followed up with a prequel trilogy based on Tolkien's "The Hobbit", which made nearly the same at the box office. Now, it looks like Amazon has nabbed the show and has asked for it be made as a multi-season show. Sources also add that, if the series gets the expected number of views, there might also be a spinoff which will deviate from the main storyline.
The new series will reportedly focus on brand new storylines that will likely precede the events portrayed on The Fellowship of the Ring.
Amazon acquired the rights from the Tolkien Estate and Trust but did not say how much it paid for them. That was followed up by two epic features, The Two Towers and Return of the King, not to mention director Peter Jackson's subsequent three-film series adapting Tolkien's other masterpiece The Hobbit.
"'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 at Amazon Studios.
As Variety exclusively reported, a series adaptation of J.R.R. Tolkien's world-renowned fantasy novels has been in development at Amazon after being shopped by the Tolkien estate and Warner Bros. "I better see Elijah Wood as Frodo I don't care how old he looks". Apart from the obvious significant details, Deadline reports that the Tolkien estate also approached Netflix and HBO, and that Amazon ended up paying close to $250 million to land the project. Here's hoping the team at Amazon is up to the task! Astonishingly, that price does not include whatever it will cost to develop and eventually produce however many episodes/seasons are in our future.