Warner Bros. Sets New 'Lord of the Rings' Movies

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Los Angeles, February 24 - Warner Bros. Pictures is going back to Middle-Earth to make multiple more Lord of the Rings films.

According to The Hollywood Reporter, Warner Bros. has brokered a multiyear deal with rights holders Embracer Group AB which allows the studio to develop more films based on J.R.R. Tolkien's Lord of the Rings books and The Hobbit.



Embracer Group, the Swedish gaming company, acquired the rights to produce LOTR films, games, merchandise, theme park attractions, and live productions when it purchased rights holder Middle-earth Enterprises last year from The Saul Zaentz Company.

LOTR is one of the most successful film franchises in Hollywood. There have been a total of 3 films in the LOTR franchise, directed by Peter Jackson, with a combined gross collection of $2.9 billion. Jackson's follow-up trilogy based on Tolkien's "The Hobbit" which acts as a prequel to his The Lord of the Rings film trilogy, matched those grosses.

Warner Bros. is yet to attach filmmakers to helm the upcoming LOTR films. Meanwhile, LOTR is not the only franchise that Warner Bros. is reviving. CEO David Zaslav previously said that he would like to make a deal with author J.K. Rowling for more Harry Potter films and if reports are to be believed, the original trio of Daniel Radcliffe as Harry Potter, Emma Watson as Hermione Granger, and Rupert Grint as Ron Weasley will be returning to headline it.

Stay tuned...