Amazon’s new LORD OF THE RINGS series may be the most expensive TV project ever.
Amazon is ready to make its Prime streaming service a true competitor and they’re counting on The Lord of the Rings fandom to do it.
A new report from THR breaks down the massive deal and the huge stakes the studio has invested in the deal.
In November, Amazon bought the rights alone for $250 in a deal with HarperCollins, Warner Bros., and New Line Cinemas. We’re now learning that the deal is for a five-season commitment to the show, which will be a Lord of the Rings prequel rather than a remake or continuation, so long as production on the project begins within the next two years. For those five seasons, Amazon is estimating that they’ll spend over a billion dollars.
While the series will have its own plot, Warner Bros. and New Line were brought into negotiations because the show “may use material from the films.”
The deal also included the rights to a potential spinoff, though the parties involved are keeping mum about its possible paths. There are theories that the series or spinoff will be based on J.R.R. Tolkien‘s The Silmarillion, but nothing has been officially announced (or even hinted at by someone truly in the know.)
“This is the most complicated deal I’ve ever seen,” said Matt Galsor, the attorney who repped the Tolkien estate in the deal, “but it was handled relatively quickly, in a way that brought the parties together in a close relationship. It was tough, but everybody liked each other and felt like a team more as the deal closed.”
Amazon has not given an estimated release time frame for the series.