JRR Tolkien’s “Lord of the Rings” legacy, Marvel and Star Wars It could become a multi-billion dollar franchise on the scale of movie universes.
Thomas Dey, CEO of ACF Investment Bank, which brokered the sale of the intellectual property rights of The Lord of the Rings to the Swedish Embracer Group, has announced that the Lord of the Rings series will be released by Marvel and Star Wars He said that it could turn into a cinematic universe on a huge scale.
Embracer has acquired motion picture, video game, board game, merchandising, theme parks and stage production rights to both the “Lord of the Rings” and “The Hobbit” franchises. Additionally, they own rights to other Middle-earth-related literary works authorized by the Tolkien Estate and HarperCollins.
Speaking at MIPCOM, which is held in Cannes every year and is organized for the international sales of the series, to provide funds to international production partners and to set the project development agenda, Dey shared the details of the Embracer agreement, and that the Lord of the Rings will be unlocked and, with new productions, Marvel and Marvel. Star Wars He stated that it could reach a size exceeding $ 6 million.
Embracer Group’s focus is expected to be on gaming, the company’s “strongest growth and monetization area”. However, new movies and TV series were also signaled. The company’s press release stated that its future plans include “to explore additional films based on iconic characters such as Gandalf, Aragorn, Gollum, Galadriel, Eowyn, and other characters from the literary works of JRR Tolkien.”
