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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.
