Studios Warner Bros. and New Line have made a deal with Swedish gaming company Embracer Group, who own the rights to the Lord Of The Rings, to start developing new movies inspired by J.R.R. Tolkien's classic novels.
Whilst it's still early days, The Hollywood Reporter revealed that this is likely to gain steam very quickly and that director Peter Jackson could once again be involved.
Jackson, alongside his Rings co-writers Fran Walsh and Philippa Boyens, released a statement saying: "Warner Bros. and Embracer have kept us in the loop every step of the way.
"We look forward to speaking with them further to hear their vision for the franchise moving forward."
The new film series will be going head-to-head with Prime Video's show The Rings Of Power, which is set thousands of years before the events of Tolkien's novels.
It is not yet known what story any new film will explore, although Warner Bros. Film Group Co-CEOs Michael De Luca and Pamela Abdy insist that these will not be remakes of Jackson's Oscar-winning behemoths.
Instead, their statement teases that any new movie will take us deeper into the fantasy world than the previous instalments.
They said: “Twenty years ago, New Line took an unprecedented leap of faith to realise the incredible stories, characters, and world of The Lord Of The Rings on the big screen. The result was a landmark series of films that have been embraced by generations of fans.
"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."
No release date has been announced, but in the meantime, Lord Of The Rings anime film The War Of The Rohirrim is still scheduled for release in April 2024.
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