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New ‘Lord of the Rings’ Movies in the Works at Warners, New Line
The studios have struck a multiyear pact with Swedish gaming giant Embracer Group, which holds the film rights to the property.
www.hollywoodreporter.com
Warner Bros. and New Line are going back to Middle-earth, with the studio making a deal that will allow it to develop more Lord of the Rings movies.
The multi-year deal with rights holders Embracer Group AB allows Warners to develop features based on J.R.R. Tolkien’s Lord of the Rings books and The Hobbit. Embracer Group, the Swedish gaming company, acquired the rights to LOTR film, games, merchandise, theme parks and live productions when it purchased rights holder Middle-earth Enterprises last year from The Saul Zaentz Company.
The move, announced during Warner Bros. Discovery’s investor call Thursday, comes as CEO David Zaslav seeks to assure Wall Street that Warners is very much in the franchise game as he harkens back to the 2000s glory days when the studio was minting money with Lord of the Rings, Harry Potter and The Dark Knight trilogy. In November, Zaslav said he would like to make a deal with author J.K. Rowling for more Harry Potter, and initially floated the notion of a Lord of the Rings return.