Embracer Group just acquired the Intellectual Property rights of The Lord of the Rings and The Hobbit and they already revealed their plan to expand the franchise by looking at spin-off films for other characters from the lore such as Gandalf, Gollum, Aragorn, Galadriel, and more.
When one opportunity knocks, open the door and other opportunities will also come in. That is what Embracer Group had ton their doorstep and they would are excited to get more involved as stated in the press release of the acquisition for possible movie tie-ins for other characters.
In their statement, Embracer said, "Other opportunities include exploring additional movies based on iconic characters such as Gandalf, Aragorn, Gollum, Galadriel, Eowyn and other characters from the literary works of J.R.R. Tolkien, and continue to provide new opportunities for fans to explore this fictive world through merchandising and other experiences."
The Saul Zaentz Company acquired the rights to The Lord of the Rings and The Hobbit in 1976. Embracer’s operative group Asmodee Group has worked on The Lord of The Rings and The Hobbit through games. Now, with the acquisition by Embracer Group, they get a bigger control of what to release.
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Embracer Group's acquisition didn't disclose the financial terms of it but Middle-earth Enterprises remain under Embracer Freemode, a new operative group within the company, and they would be retaining the leadership of Middle-earth enterprises to guide the team.
Embracer Group's acquisition includes the highly-anticipated series on Amazon Prime Video, The Lord of The Rings: The Rings of Power which will be releasing on September 2, the upcoming Warner Bros. animated film The Lord of The Rings: The War of the Rohirrim which will come out in 2024, and the mobile game of EA, The Lord of The Rings: Heroes of Middle-earth.
With this, they could put all these projects as canon and rebuild the franchise with a clean slate. They could start from the ground up and give some fan-favorite characters their own spinoff films which could be pivotal for the realignment of the projects of the franchise.
Which character from The Lord of The Rings or The Hobbit do you want to have a movie?