New Line Cinema
- Warner Bros. Discovery CEO David Zaslav said the media giant would work on new "Lord of the Rings" movies.
- Warner Bros. struck a deal with the video game company that owns the film rights to Tolkien's books.
- Warner Bros.' plan to revive the films comes amid the company reporting declining revenues.
Middle-earth fans, rejoice: Warner Bros. announced plans to make more "Lord of the Rings" films.
New Line Cinema, the Warner Bros.-owned production company behind the original "Lord of the Rings" and "Hobbit" films, struck a deal with Swedish gaming company Embracer Group, which currently owns the film rights to J.R.R. Tolkien's books.