Amazon Studios has emerged as a potential buyer for the TV adaptation of the “Lord of the Rings” from Warner Bros. Television.
Warner Bros Television, whose feature film counterpart produced the feature film series, is currently in preliminary stages of discussions for a potential TV series based on the JRR Tolkien’s best-sellers. Amazon Studios’ CEO, Jeff Bezos, has emerged as a potential buyer.
However, Amazon Studios and Warner Bros Television have declined to comment on this matter.
According to a recent report by the Hollywood Reporter, one of their sources stress that a deal for a “Lord of the Rings” TV series is far from official. Talks are said to be focusing on rights issues with the Tolkien estate; the project is yet to even go out to search for a potential writer.
The news comes four months after Warner Bros and the Tolkien estate settled an $80 million lawsuit after a five-year battle. This came after Warner Bros associate, New Line and the Tolkien estate waged a courtroom battle over profit participation from the feature film franchise that consisted of “The Fellowship of the Ring” (2001), “The Two Towers” (2002) and “The Return of the King” (2003) as well as the 2013 prequel, “The Hobbit.”
The property is a multi-billion-dollar worldwide franchise.
Amazon Studios has emerged as a potential home for the LOTR TV series comes as little surprise as their CEO Bezos has mandated the genre focused programming.
The retail giant and streaming platform has been on the hot-seat for its lack of a breakthrough hit. In anticipation of the programming push, Amazon Studios has been cancelling a wave of programmes including “Z: The Beginning of Everything” and “The Last Tycoon.”
Following sexual harassment allegations, Amazon Studios head, Roy Price resigned from the company. His head of drama and comedy Joe Lewis was pushed out because he faced conflict of interest allegations, among others.
Amazon Studios COO Albert Cheng has taken over for Price on an interim basis, with Tal Yguado currently overseeing drama and comedy.