According to a new report in THR, WB is in the early planning stages of a new Lord of the Rings film, and apparently, none other than Peter Jackson is involved. While the early details are sketchy (at best), during WB’s first quarter earnings call on Thursday, CEO David Zaslav teased the director’s involvement, stating Jackson and his longtime collaborators Fran Walsh and Philippa Boyens “will be involved every step of the way.” No news yet on what exactly will be tackled, but Zaslav teased that the new film would “explore storylines yet to be told.”

Indeed, Lord of the Rings is a franchise Hollywood seems bent on re-establishing. The issue is that the rights are quite fractured, with Amazon owning the TV rights and mid-way through their own epic TV prequel to the saga, which sports their largest budget to date. Fan reaction to the first season was largely tepid, but the streamer is full-steam ahead on The Lord of the Rings: The Rings of Power Season 2, which is based on J.R.R. Tolkien’s appendices.

Meanwhile, WB does have a Lord of the Rings feature coming out this year, in the guise of The Lord of the Rings: The War of the Rohirrim, an animated film with Phillipa Boyens on-board as a producer. It’s set for a December 13th, 2024 release. 

Jackson’s involvement in the proposed WB movies is interesting, although it’s telling that his involvement isn’t specified. Will he direct the films or be on board as a producer? Jackson’s relationship with the franchise has been fraught at times, with the Tolkien Estate specifying that he does not have any involvement in the Rings of Power series. Indeed, some of Tolkien’s heirs took issue with Jackson’s film, which is a bizarre stance given how they brought Tolkien’s work to a massive new audience and probably made everyone involved with the estate very rich. The mixed reaction to The Rings of Power likely showed everyone that making new Lord of the Rings isn’t so easy and that his involvement shouldn’t be taken for granted, as he really is the master of Middle Earth storytelling. 

What do you think of Peter Jackson’s proposed return to the franchise? Let us know in the comments. 

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