However, if the series is a flop, it'll undoubtedly damage Amazon's original programming drive and elicit a fierce reaction from the passionate fanbase of the movies and novels.
Produced by Amazon Studios in collaboration with the Tolkien estate, HarperCollins and New Line Cinema, the multi-season TV series will air exclusively on Amazon's streaming service Amazon Prime Video worldwide.
Interestingly enough, it doesn't sound like this will be a strict adaptation, and will bring in elements of Tolkien's writing to explore new storylines preceding The Fellowship of the Ring, which is the first book in the Lord of the Rings trilogy. The deal includes a potential additional spin-off series, Amazon said Monday.
Fourteen years after the Oscar-winning conclusion of Peter Jackson's genre-defining Lord of the Rings trilogy, it still seems too soon to return to J.R.R. Tolkien's beloved fantasy world. And they're really going for it, already giving the Lord of the Rings series a multi-season production commitment.
Amazon has acquired the television rights to The Lord of the Rings.
The TV series will be a prequel to the J.R.R. Tolkien book The Fellowship of the Ring, and is based on new story lines. Price has since stepped down in the wake of sexual harassment allegations, but the strategy may be the same regardless.
Pakistan's fittest players fail to impress PSL franchises
Each franchise had a purse of United States dollars 1.2 million and could pick only one player from the first three categories. Islamabad United have successfully bid for South African all-rounder JP Duminy in the platinum category.
JRR Tolkien's The Lord of the Rings is being adapted for television by Amazon.
The news comes after Warner Bros. prepares to settle an $80 million lawsuit with Tolkien's estate over profits from Jackson's film adaptations.
The "Lord of the Rings" films earned a combined gross of almost $6 billion worldwide.
With an A-list cast that included Elijah Wood, Viggo Mortensen, Ian McKellen, Liv Tyler and Orlando Bloom, Peter Jackson's "The Lord of the Rings" movie trilogy earned nearly $3 billion worldwide, scooping 17 Oscars in total.
No launch date or cast members for the new series was announced by Amazon.