Last week it was being reported that Amazon was the current frontrunner to acquire a potential Lord of the Rings TV series that was being shopped to various networks. Now, one week later, we are hearing that it is a done deal and Amazon has paid a huge amount of money just to acquire the global TV rights to the series. The show will not be a retelling of The Lord of the Rings trilogy but rather it will focus on new storylines that take place prior to The Fellowship of the Ring. Sharon Tal Yguado, Head of Scripted Series at Amazon Studios had this to say about the announcement:
“The Lord of the Rings is a cultural phenomenon that has captured the imagination of generations of fans through literature and the big screen… We are honored to be working with the Tolkien Estate and Trust, HarperCollins and New Line on this exciting collaboration for television and are thrilled to be taking The Lord of the Rings fans on a new epic journey in Middle Earth.”
Amazon reportedly paid close to $250 million just for the rights to the show and along with that they have committed to multiple seasons and a potential spin-off series as well. The budget is expected to be in the same realm as Game of Thrones, somewhere around $100-$150 million per season. Of course, that’s the current budget for Game of Thrones now; the first season only cost approximately $60 million. In other words, they are making a pretty gigantic investment right up front. Are you looking forward to a Lord of the Rings prequel series and do you think it will pay off for Amazon?