"The Lord of the Rings" and "The Hobbit" have changed ownership

"The Lord of the Rings" and "The Hobbit" have changed ownership
Photo by roberto saltori / Unsplash

A real sensation was the announcement that Embracer Group has entered into an agreement to acquire the "Lord of the Rings" and "The Hobbit" franchises. based on the works of the English writer J.R.R. Tolkien.
Embracer Group bought such important intellectual property from the company of producer Saul Zanz, the rights holder since 1976. This deal will be historic in many ways, since Zanz's company was responsible for all of the official screen adaptations and other adaptations. The amount of the contract has not yet been announced, but obviously it should be very impressive.
I'm really pleased that The Lord of the Rings and The Hobbit, some of the most epic fantasy franchises in the world, have joined the Embracer family, opening up more opportunities to create new content, including synergies within our global group. Going forward, we look forward to working with both existing and new external licensees of our ever-expanding intellectual property portfolio," commented Lars Vingefors, founder and CEO of Embracer Group.
It is not yet known exactly how the new owners plan to exploit their property. This is all the more interesting in anticipation of the release of Amazon Studios' "The Lord of the Rings: Rings of Power" series.
The Hobbit and The Lord of the Rings.
These books are some of the most famous works of modern literature that eventually spawned New Zealand director Peter Jackson's multi-Oscar-winning film franchise. Numerous video games, movies, books, and other types of content have contributed to the world Tolkien created, and now it obviously has a new spin. We should probably expect new games and other projects. Whether new movies will appear anytime soon remains to be seen.