The Saul Zaentz Company, through their subsidiary Middle-Earth Enterprises, has announced a range of film, game, merchandise, and live-event rights for Tolkien’s two prominent works, The Lord of the Rings and The Hobbit are now up for sale.
According to a report by Variety, the company has contracted ACF Investment Bank to handle the purchase for the highest bidder. There’s also an estimate of how much these rights are worth, and with the latest buzz surrounding Amazon Prime’s The Rings of Power TV adaptation, it’s said that they’ll go up for at least $2 billion.
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