We’ll be seeing more adaptations of JRR Tolkien’s iconic works very soon.
Rights to movies, goods, games and other The Lord of the Rings and The Hobbit products were put up for auction after Saul Zaentz Co. decided to sell their assets.
According to Variety, the auction will begin this week. According to the first forecasts, the rights to Tolkien’s work could bring in revenue in the amount of $2 billion.
Zaentz Co. owns the rights to use the Lord of the Rings and The Hobbit properties in films, video games, merchandising, events and theme parks. In addition, they own the ownership of the content that will be created based on the books “The Silmarillion” and “The Unfinished Tales of Numenor and Middle-earth”. It is assumed that in the purchase of these rights there may be interested in Warner Bros. and Amazon.
The fragmentation of the rights to J. R. R. Tolkien’s work served as the basis for constant litigation for profits from the cult Lord of the Rings trilogy. In addition, almost any product based on a fantasy saga faced a number of legal obstacles. The sale of rights can greatly facilitate the release of films and games based on the vast world of Middle-earth.
Recall that already in the fall – September 2, the premiere of the series “The Lord of the Rings: Rings of Power” from Amazon will take place.