It’s Final! Lord Of The Rings: ‘Multiple’ Movies entering the picture confirmed by Warner Bros.

It’s Final! Lord Of The Rings: ‘Multiple’ movies entering the picture confirmed by Warner Bros.

Peter Jackson’s original Lord of the Rings trilogy, which starred Elijah Wood, Cate Blanchett, and Orlando Bloom, earned nearly $3 billion at the box office and multiple Oscars.

New movies inspired by The Hobbit and the Lord of the Rings books by JRR Tolkien are in production, according to Warner Bros.

On Thursday, during an earnings call, Chief Executive David Zaslav announced the franchise relaunch and commented that a deal had been negotiated to produce “multiple” movies inspired by the novels over a number of years.

The Lord of the Rings and The Hobbit were among the Tolkien works for which the Swedish gaming company Embracer Group purchased the adaptation rights last year.

The deal, which will be marketed as Middle-earth Enterprises, has not yet been given a price.

The Lord of the Rings trilogy was produced by New Line Cinema, a Warner Bros. production division, between 2001 and 2003.

The trilogy of Peter Jackson-directed films brought in approximately $3 billion (£2.5 billion) worldwide, with the third film, The Return of the King, taking home 11 Oscars, including best picture.

Elijah Wood, Cate Blanchett, Orlando Bloom, and Liv Tyler were among the actors who starred in the fantasy films about a group of friends attempting to annihilate a mighty ring and save Middle-earth from evil.

The New Zealand director claimed that “[Warner Bros and Embracer] have informed us in the know every step of the process” regarding the new films in a statement to Variety along with his Lord of the Rings co-stars Fran Walsh and Philippa Boyens.

“We look forward to speaking with them further to hear their vision for the franchise moving forward,” they continued.

“Following our recent acquisition of Middle-earth Enterprises, we’re thrilled to embark on this new collaborative journey with New Line Cinema and Warner Bros Pictures, bringing the incomparable world of JRR Tolkien back to the big screen in new and exciting ways,” said Lee Guinchard, chief executive of Embracer Freemode.

“We appreciate how beloved these compositions are, and along with our partners at New Line Cinema and Warner Bros Pictures, we want to uphold the highest standards of quality and production values while looking to the future.”

The rights to The Lord of the Rings movies, video games, merchandise, theme parks, and live performances are owned by Embracer.

The original trilogy was created more than 20 years ago, according to the new heads of the Warner Bros. film division, Mike De Luca and Pam Abdy, who are in charge of Warner films and New Line.

They continued, “For all the scope and detail lovingly packed into the two trilogies, the vast, complex and dazzling universe dreamed up by JRR Tolkien remains largely unexplored,” implying that the new films would concentrate on other content in the books rather than revisit the content of the previous films.

It has not yet been announced when the movie will be produced or distributed.