New Line Cinema and Warner Bros Pictures have hammered out a new multi-year agreement with Embracer Group AB’s Middle-Earth Enterprises to team on new The Lord of the Rings movies.
Warner Bros Discovery CEO David Zaslav dropped the news Thursday during the company’s call to discuss its Q4 2022 earnings results.
Zaslav has mentioned in previous calls the need for more franchises on the big screen. The deal comes 20 years after New Line released Peter Jackson’s epic The Lord of the Rings trilogy, which minted 17 Oscars including 11 in 2004 for the finale The Lord of the Rings: The Return of the King, tying the record for a single film.
Warners re-teamed with Jackson for a trilogy of films based on The Hobbit, a co-production with MGM. Combined, the six films grossed nearly $6 billion in box office worldwide.
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