05 Apr Inside Amazon’s $250M ‘Lord of the Rings’ Deal: “It’s Very Much a Creature of the Times” [THR]
By Tatiana Siegel
April 5, 2018 | Nearly 45 years after his death, J.R.R. Tolkien scored the biggest Hollywood deal of 2017. Since the British author doesn’t return phone calls anymore, it took a phalanx of lawyers and dealmakers to bring to fruition what is poised to be the most expensive TV show ever.
On Nov. 13, Amazon Studios beat out Netflix for a $250 million rights deal with the Tolkien estate, publisher HarperCollins and New Line Cinema that includes a five-season commitment to bring The Lord of the Rings to the small screen. With the clock ticking, Amazon must be in production within two years, according to the terms of the pact. When production expenses like casting, producers and visual effects are factored in, the series is expected to cost north of $1 billion.
Read more on The Hollywood Reporter.