A new television series based on J.R.R. Tolkien's Lord of the Rings
trilogy is in the works at Amazon. According to Reuters , the tech company announced Monday it will produce a multi-season series that explores new storylines preceding The Fellowship of the Ring, the first installment in the fantasy trilogy, and will delve into some of Tolkien's work not explored in the Lord of the Rings
and Hobbit films. "Amazon is committed to producing super high quality, recognized, branded entertainment," Wedbush Securities industry analyst Michael Pachter says. "...By definition this will be expensive." Amazon has not revealed how much it paid for the rights.