New episodes of the popular "The Lord of the Rings" film series are being created by the Warner Bros. film company.
According to corporate management, "The Hobbit" franchises are based on the J.R.R. Tolkien novels set in the mythical Middle-earth.
Warner Brothers, a division of Embracer Group AB, which is owned by Warner Bros Discovery
They announced that it had secured a multi-year agreement to work with Middle-earth Enterprises on new films.
Beginning in 2001, "The Lord of the Rings" film trilogy garnered 17 Oscar nominations. Beginning in 2012, three "Hobbit" movies were released.
Peter Jackson's six movies took in more than $6 billion at international box offices.
"Despite all the scale and detail painstakingly crammed into the two trilogies, the large, complicated, and brilliant cosmos J.R.R.
The co-chairs of Warner Bros. Pictures Group, Michael De Luca and Pam Abdy, stated in a statement that Tolkien's works are still largely untapped in film.