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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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‘Lord Of The Rings’: Details Emerge About The TV Pitches From HBO, Netflix, The Russos & More That Didn’t Make The Cut

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It’s common knowledge, at this point, that Amazon Studios paid roughly $700 million for the first season of “The Lord of the Rings: The Rings of Power.” That does include more than $200 million for the rights agreement with the Tolkien Estate, but even still, that’s a mammoth amount of money.

And instead of going with tried and true showrunners or filmmakers with an established pedigree, Amazon Studios chose relative unknowns, Patrick McKay and J.D.

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