Middle-earth Enterprises and Warner Bros. began discussing the film rights to the Lord of the Rings and The Hobbit franchises. WB should relinquish its rights and close a deal this year for MEE to find a new buyer.
After several twists and turns and rumors of what could happen with one of the great franchises in the middle, Middle-earth Enterprises (MEE) Y Warner Bros. They started talking about the film rights of The Lord of the Rings and The Hobbit. As reported, MEE He asked W.B. to renounce the rights and close their deal by the end of 2023 so that they can begin the search and sale of new owners for the franchise LOTR.
Although the issue is already on the table, this negotiation for the rights of The Lord of the Rings and The Hobbit It is just beginning and could take the whole year. The ACF company is handling the exit talks with W.B. on behalf of Embracer Group, company that we remember acquired Middle-earth Enterprises (a division of the production company Saul Zaentz Company) last year.
As reported fellowshipoffansthe statement on this negotiation makes it clear that Middle-earth Enterprises requested to Warner Bros. that “amicably leave the franchises The Lord of the Rings and The Hobbit by the end of 2023, to pave the way for a new rights holder”.
On the other hand, regardless of whether Warner Bros If you agree with the negotiation or not, the statement clarifies that these conversations have nothing to do with the animated film The Rohirrim War, which is scheduled to premiere sometime in 2024.
Then yes Warner Brothers waiver of franchise rights, MEE (thus Embracer Group) will look for a new owner and buyer. This one should keep in mind to offer a good amount of silver. After all we are talking about The Lord of the rings and of The Hobbit.
The main studies that would have the money and the possibility of acquiring those rights are: Netflix, Amazon, Disney, Apple, Paramount, among others. It should also be taken into account that, once the agreement with W.B.there will still be the possibility that MEE renegotiate with the company and get the rights back Warner Bros. However, this would be a rather unlikely case, since W.B. He is going through quite a few financial problems.
Let’s remember that Embracer Group it is full The company recently sold its rights to tomb Raider a Amazon for an agreement of approximately 600 million dollars. This became the second largest purchase of Amazon after acquiring the television rights of The Lord of the Rings: The Rings of Power. So just imagine what it could cost to buy the film rights to the franchise from LOTR.