The Lord of the Rings and Hobbit Movies and Video Game Rights are Being Sold Off, Report Says
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The Lord of the Rings and Hobbit movie and video game rights are being sold off, report says:
The rights to make movies and video games based on JRR Tolkein's The Lord of the Rings and The Hobbit are about to go up for sale, according to a report Wednesday. The Saul Zaentz Company is selling off the Tolkien rights it acquired back in 1976 for a predicted $2 billion, Variety said.
The rights also include TV shows with more than 8 episodes, live events, merchandise and theme parks, and some rights across additional Tolkien texts The Silmarillion and The Unfinished Tales of Numenor and Middle-Earth, according to Variety.
The Saul Zaentz Company's Middle-earth Enterprises didn't immediately respond to a request for comment.
Amazon could be considering purchasing the rights, Variety said, after it paid a reported $250 million for the rights to make its upcoming TV series The Lord of the Rings: The Rings of Power. Amazon reportedly bought those rights directly from the Tolkien estate, however, due to the eight-episode loophole.
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