Amazon to do 'Lord of the Rings' TV series

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"Everybody wants a big hit and certainly that's the show of the moment in terms of being a model for a hit". Given the success of the film trilogy, experts are quite skeptical about how Amazon will execute its Lord of the Rings TV series.

Amazon Studios' press release came with a little description of what to expect from their new show which confirmed that it'll be set in Middle Earth and will take place before the events of Tolkien's The Fellowship of the Ring.

Amazon announced the deal after reaching an agreement with Tolkien's estate, which issued its own statement.

This is the first time Tolkein's masterpiece will have a television series adaptation.

Middle Earth is coming to TV.

"Sharon [Tal Yguado, Head of Scripted Series] and the team...have exceptional ideas to bring to the screen previously unexplored stories based on J.R.R. Tolkien's original writings".

According to Deadline, Amazon has reportedly paid close to $250 million (about Rs. 1,633 crores) for the global rights to the Lord of the Rings.

Amazon said it will produce the series along with Tolkien Estate and Trust, book publisher HarperCollins and film studio New Line Cinema. Aside from Amazon, the Tolkien estate also approached Netflix and HBO for the project.

The hefty price tag is just for the rights of the television series and does not include the additional production costs, which is expected to be around $100 million - $150 million a season for a fantasy series of LOTR magnitude.

Are you excited for the Lord of the Rings TV series?

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