Amazon's 'Lord of the Rings’ series' could cost up to $1B -

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Friday, 6 April 2018

Amazon's 'Lord of the Rings’ series' could cost up to $1B

Amazon has given a five-season commitment to its “Lord of the Rings” series. (AP PHOTO/PIERRE VINET, NEW LINE CINEMA)
Amazon has high hopes for its new precious.
The streaming giant, which last year won a $250 million rights deal to J.R.R. Tolkien’s “Lord of the Rings” novels, has given the series a five-season commitment, the Hollywood Reporter revealed Thursday.
The deal was originally announced in November, when Amazon said that the series begin as a prequel to “The Fellowship of the Ring.”
“‘The Lord of the Rings’ is a cultural phenomenon that has captured the imagination of generations of fans through literature and the big screen,” Sharon Tal Yguado, head of scripted series at Amazon Studios, said in a statement at the time.
The huge undertaking also comes with an enormous price tag: Amazon reportedly expects to spend more than $1 billion on the project, including casting, producers and visual effects, according to the Hollywood Reporter. That cost would make it the most expensive series in TV history, a list that currently includes “The Crown,” “Friends,” “Game of Thrones” and “ER.”
For comparison, Peter Jackson’s “Hobbit” trilogy cost about $745 million, AP reported in 2014.
Peter Jackson, who led the “Hobbit” and “Lord of the Rings” trilogies, has begun a conversation with Amazon about his possible involvement.
Between the six “Hobbit” and “Lord of the Rings,” New Line pulled in $5.85 billion at the box office.
Jackson, who won three Oscar awards in 2004 for “The Lord of the Rings: The Return of the King,” hasn’t been linked to the series yet, but his attorney, Peter Nelson, recently began talking to Amazon about the possibility of a return to Middle Earth.
“It's very much a creature of the times,” Nelson told the Hollywood Reporter of the huge deal.
“We are in an era where streamers are bidding up the price of programming. I think Amazon is taking a page out of the studios' emphasis on franchises. They also are realizing that with the overproduction of television, you need to get the eyeballs to the screen, and you can do that with franchise titles.”

- ny news 

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