Fans react to Lord of the Rings TV show announcement

The original ring from Lord of the Rings films

Deadline reports that the streaming service paid a whopping $250 million for the global rights to the novel, and plans to make a sprawling series that spans multiple seasons and even a spin-off.

One hundred years since J.R.R. Tolkien invented Middle-earth, Amazon has announced it's turning Lord of the Rings into a TV series.

So far, it has been revealed that the production will be undertaken by Amazon Studios, in cooperation with the Tolkien estate and trust, HarperCollins, and the Warner Bros. division New Line Cinema.

Few details have been released other than the show would be a prequel to the first movie in the franchise, The Fellowship of the Ring.

"The Lord of the Rings is a cultural phenomenon that has captured the imagination of generations of fans through literature and the big screen", Sharon Tal Yguado, head of scripted series for Amazon Studios, said in a public statement.

It's important to note that it won't follow the events of the Lords of the Rings, but rather it is based on J.R.R. Tolkien's work and will feature original stories from that universe.

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The movie trilogy from the early 2000s, filmed in New Zealand by director Peter Jackson, garnered almost $3 billion (€2.5 billion) at the box office and bagged a total of 17 Academy Awards.

Amazon says it acquired the rights directly from the Tolkien Estate and Trust.

The project underscores a shift in Amazon's video programming.

That was a winning formula for attracting Hollywood talent, awards and buzz, though not Prime subscribers around the world.

The upcoming series will be available for Prime members globally.

He followed up with a prequel trilogy based on Tolkien's "The Hobbit", which made nearly the same at the box office. "That's a departure from shows like "Transparent" and "Catastrophe".

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