New 'Lord of the Rings' Movie in the Works, Peter Jackson Reacts

It was just announced that Warner Bros. is in the works on a new Lord of the Rings film franchise and original director Peter Jackson is sharing his thoughts.

A filmmaker has not yet been attached to the upcoming projects and a storyline is not known as of this time.

“Following our recent acquisition of Middle-earth Enterprises, we’re thrilled to embark on this new collaborative journey with New Line Cinema and Warner Bros. Pictures, bringing the incomparable world of J.R.R. Tolkien back to the big screen in new and exciting ways,” said Lee Guinchard, CEO of Freemode. “We understand how cherished these works are and working together with our partners at New Line Cinema and Warner Bros. Pictures, we plan to honor the past, look to the future, and adhere to the strongest level of quality and production values.”

Peter and his collaborator Fran Walsh and Philippa Boyens have released a statement in response to the news.

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The crew told Variety that Warner Bros. and Embracer “have kept us in the loop every step of the way. We look forward to speaking with them further to hear their vision for the franchise moving forward.”

Peter directed the original three The Lord of the Rings movies and The Hobbit trilogy, which collectively grossed $6 billion at the worldwide box office.