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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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Multiple new ‘Lord of the Rings’ movies coming from Warner Bros.

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nypost.com

The Wrap.“But for all the scope and detail lovingly packed into the two trilogies, the vast, complex and dazzling universe dreamed up by J.R.R.

Tolkien remains largely unexplored on film. The opportunity to invite fans deeper into the cinematic world of Middle-earth is an honor, and we are excited to partner with Middle-Earth Enterprises and Embracer on this adventure.”The cost of the deal made between Warner Bros., New Line Cinema and Embracer Group — the current rights holders to Tolkien’s novels — has yet to be released.

Meanwhile, Amazon’s series, “The Ring of Power,” purportedly cost over one billion and Amazon paid a whopping $250 million for the rights.Embracer acquired the rights to the books last year when it purchased Middle-Earth Enterprises from The Saul Zaentz Company.

The company holds the rights for motion picture, stage, and video game adaptations of the “Lord of the Rings” trilogy, as well as its prequel, “The Hobbit.”No filmmakers have been named for the project yet, but Peter Jackson, who helmed the first trilogy, and his main collaborators Fran Walsh and Philippa Boyens told Variety that Warner Bros.

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