Warner Bros. Discovery still owns the rights to The Lord of the Rings movies, the company’s CEO has confirmed. David Zaslav stated this during an earnings call this week.
Earlier this year, Swedish gaming giant Embracer purchased Middle-earth Enterprises–and obtained the movie rights in the process–but just how that deal factors into the theatrical plans for the Lord of the Rings series remains to be seen.
Zaslav confirmed that WB still has the rights to make Lord of the Rings movies as part of a wider statement regarding how the company will “focus on franchises” going forward, according to Deadline.