'Lord of the Rings' TV Show Gets Mutli-Season Order At Amazon

The original ring from Lord of the Rings films

The Seattle company said Monday that it had acquired the global television rights for J.R.R. Tolkien's fantasy novels in a multi-season commitment. The news comes a little over a week after it was reported that Warner Bros./New Line had been in talks with the retail giant and streaming outlet for a TV adaptation based on J.R.R. Tolkien's beloved novels.

"'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.

According to Deadline, Amazon apparently paid close to $250 million, but that does not include any production costs, which will likely be enormous if you consider what HBO has to shell out for its hit fantasy series, Game of Thrones.

The studio has already committed to a multi-season run of the new series, produced by Amazon Studios, the Tolkien Estate and Trust, book publisher HarperCollins and New Line Cinema.

As an Amazon Prime Original, the new series would only be available to stream on Amazon Prime.

Amazon studios have just spent a sizeable amount of money on the rights to a The Lord of The Rings TV series.

Set in Middle Earth, the adaptation will explore new storylines preceding Tolkien's The Fellowship of the Ring, the internet streamer said, adding that the deal included a potential additional spin-off series.

Earlier this year, Warner Bros and the legal body which manages the writer's work settled an $80m (£61m) lawsuit over profit participation in regards to the movie franchise.

Three movies made of the trilogy in the early 2000s, filmed in New Zealand by director Peter Jackson, garnered almost $3 billion at the box office and 17 Academy Awards. The Return of the King won the Academy Award for Best Picture. He followed the first trilogy up with a trio of films based off of "The Hobbit".

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