New ‘Lord of the Rings’ Movies Set at Warner Bros

On a Thursday, Warner Bros. CEO David Zaslav announced that newly-installed studio leaders Mike De Luca and Pam Abdy have brokered a deal to make “multiple” films based on the beloved J. R. R. Tolkien books

With WB label New Line Cinema, the projects will be created.

Peter Jackson directed the original "Lord of the Rings" trilogy, which earned close to $3 billion worldwide. Jackson's subsequent trilogy, which was based on Tolkien's "The Hobbit," also made a similar amount of money.

Warner Bros. and Embracer "have kept us in the know every step of the journey," according to Jackson and his key "Lord of the Rings" partners Fran Walsh and Philippa Boyens in a statement to Deadline. No directors have yet been hired to the projects.

We are interested in talking with them more to learn about their future plans for the business, according to Jackson, Walsh, and Boyens.

Deals for adapted rights were struck for books like "The Lord of the Rings" and "The Hobbit" by Freemode, a division of Embracer Group. The agreement will be marketed as Middle-earth Enterprises.

Last year De Luca and Abdy left MGM to take the helm of Warner Bros.

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