Saul Zaentz Co., which owns some rights to The Lord of the Rings and The Hobbit, is expected to put them up for sale this week. The company plans to fetch around $2 billion from the auction. Know the details here!
It is nothing new that the great franchise of The Lord of the rings It is one of the most popular and acclaimed of all. With an extensive universe, full of content to create movies, games, series, merchandise and more, the company that has much of the rights to the story, Saul Zaentz Companywill put them up for sale this week, Variety reports, and expects to fetch around $2 billion for them.
One of the studies that heads the list of interested parties in the purchase of the rights is amazonwho recently announced the series The Lord of the Rings: The Rings of Power. It seems that none of this is fluke as he now has the opportunity to purchase the missing rights and could allow him to extend the universe. Let’s remember that amazon it is one of the richest companies, which leaves it as one of the main candidates to take the prize.
On the other hand, and as reported by Variety, Saul Zaentz Co.. contracted the investment bank ACF to manage the process of the million-dollar sale of the rights to The Lord of the rings which is at least 2,000 million dollars. The company, in addition to having the rights to exploit the franchise in movies, video games, live events and theme parks, also includes limited matching rights should the estate of Tolkien decided to make movies or other content based on the work published after the author’s death in 1973.
On the other hand, Warner Bros. also has some rights to the franchise, as they own New Line Cinema. Studio was the one that produced the big box office hits The Lord of the Rings: The Fellowship of the Ring (2001), The two Towers (2002) and The return of the King (2003).
Although New Line Cinemabeside Warner Bros. Animationannounced last year plans to produce an anime film, The Lord of the Rings: The War of the Rohirrim, Saul Zaentz Co. believes that, after the inactivity that the franchise had under the umbrella of Warnerthe rights reverted to his ownership in 2021.
With Saul Zaentz Company believing that it has those rights, plus the enormous enthusiasm that there is for the next series of amazonit seems that it is the perfect time to sell.
Developed by JD Payne and Patrick McKay, The Lord of the Rings: The Rings of Power arrives at Amazon Prime Video on September 2 and will unite the great stories of the Second Age of Middle-earth: the forging of the rings, the rise of the Dark Lord Sauron, the epic adventure of Numenor and the Last Alliance between men and elves.