Amazon's announcement comes two months after CEO Jeff Bezos issued a new programming mandate in a bid to launch a hit fantasy series to rival HBO's Game of Thrones.
Amazon Studios announced they have bought the rights to produce a TV series based on J.R.R. Tolkein's best selling Lord of the Rings Books. The move is made more intense by the fact that no creative choices on the show have been made yet, save that it will be a prequel series taking place before the first LOTR film, The Fellowship of the Ring.
The Amazon series will delve into some of Tolkien's work that the movies did not explore.
Deadline reported that Amazon shed around $250 million Dollars to win the rights to the famous Tolkien series.
Amazon reportedly paid close to $250 million for the global TV rights - and that doesn't include production costs.
"We are delighted that Amazon, with its longstanding commitment to literature, is the home of the first-ever multi-season television series for The Lord of the Rings".
"Sharon and the team at Amazon Studios have exceptional ideas to bring to the screen previously unexplored stories based on J.R.R. Tolkien's original writings", said Matt Galsor, a representative of the Tolkien Estate and Trust and publisher HarperCollins. But with the resources available to Amazon you know they'll pump as much money as necessary to ensure that The Lord of The Rings will at least look like a big budget Hollywood film.