New Lord of the Rings movies are on the way from Warner Bros. and New Line Cinema.

Both companies reached a multi-year deal with Embracer, the Swedish gaming company that purchased the rights to the Lord of the Rings franchise last year. The new films were announced during Warner Bros. Discovery's Investor call on Thursday.

Released in the early 2000s, the Peter Jackson-directed Lord of the Rings trilogy, which starred Elijah Wood, Orlando Bloom, Sean Astin, Liv Tyler, and Viggo Mortensen, garnered over $2.9 billion at the global box office, with Return of the King winning the Academy Award for Best Picture in 2003. In 2012,  Jackson returned to direct the less-successful Hobbit trilogy that starred Martin Freeman as Bilbo Baggins.

"Twenty years ago, New Line took an unprecedented leap of faith to realize the incredible stories, characters, and world of The Lord of the Rings on the big screen.  The result was a landmark series of films that have been embraced by generations of fans," said Warner Bros. film bosses Michael De Luca and Pamela Abdy in a statement. 

"But for all the scope and detail lovingly packed into the two trilogies, the vast, complex and dazzling universe dreamed up by J.R.R. Tolkien remains largely unexplored on film.  The opportunity to invite fans deeper into the cinematic world of Middle-earth is an honor, and we are excited to partner with Middle-earth Enterprises and Embracer on this adventure."

The upcoming Lord of the Rings movie does not yet have a title or release date. For more, check out our list of the 100 best movies of the decade.

Way back in November 2011, GR caught wind that New Line Cinema was eying a Hollywood adaptation of the Rampage video game franchise (read: Lord of the Rings studio wants to turn Rampage into a movie). Umpteen months later and it appears the project is still alive with Ryan Engle set to write the script.

Ryan who? Engle what? Turns out New Line Cinema is pinning its Rampage film on a relative newcomer, whose past writing credits include a rewrite of Killing on Carnival Row, and a script called On a Clear Day. The former is a futuristic detective movie slated for 2013, while the latter drummed up attention for Engle after debuting on the industry's “Black List”; a collection of Hollywood's hottest scripts without a home. It has since been picked up for development.

According to the Hollywood Reporter, New Line Cinema wants Rampage to resemble Independence Day on an indie film project budget. John Rickard, co-producer of Final Destination 5 and the upcoming Jack the Giant Killer, is pegged to produce.

It is yet unknown how Rickard and Engle will translate the bare bones plot of Rampage – one which tells the emotional tale of humans turning into monsters and smashing the crap out of everything and everyone around them – into a full-fledged movie. Then again, that sounds infinitely more complex than the proposed Space Invaders flick (see: Space Invaders movie on the way, because Hollywood is where dreams are made), so who are we to judge. Oh! let's hope it's in 3D!