A little over a decade later, when Jackson returned to direct The Hobbit trilogy, the combined cost before any promotion or advertising was $675 million.
Amazon will "explore new storylines" that take place before the novels and the deal could lead to a spinoff series. Matt Galsor, a representative for the Tolkien Estate and Trust and HarperCollins, clarifies that the series will "bring to the screen previously unexplored stories based on J.R.R. Tolkien's original writings", which leaves a lot of leeway for elaborate inspired-by inventions a la the many side stories that padded out Peter Jackson's Hobbit trilogy.
J.R.R. Tolkien's fantasy novel series will get a new spin as a multiseason TV series that will debut on Prime Video, Business Insider reports. If you're familiar with the extended universe, you'll know this likely means an adaptation of "The Silmarillion", where Tolkien documented pretty much everything you've never thought you wanted to know about Middle Earth.
Rather than a behemoth series of three 3-hour films however, the new Amazon project will be a television series. On one hand, they are attractive pieces of digital artwork that do a very good job of showcasing the material.
It is also a proven pop culture commodity.
"The Lord of the Rings is a cultural phenomenon that has captured the imagination of generations of fans through literature and the big screen", Sharon Tal Yguado, head of scripted series at Amazon Studios, said in a statement.
Unlike other streaming services, Amazon Prime gives its customers options that Netflix, Hulu, etc. are incapable of bestowing: access to free two-day delivery of Amazon products, free streamed music, access to Amazon's digital book library (through the use of a Kindle), and more.
According to the Hollywood Reporter, the move comes as Amazon attempts to find a worthy rival to HBO's hit show Game Of Thrones.