Amazon has been a dominant force in the news over the past 12 months with big plans for the future. One new path the company plans to take down the road is a multi-season series based on J.R.R Tolkien's Lord of the Rings. According to reports, the Jeff Bezos owned company acquired the global television rights to the famous book and movie franchise for an undisclosed amount.

Considering the three movies brought in $3B at the box office and took home 17 Academy Awards, it is safe to same Amazon dished out a huge chunk of money to lure new customers into subscribing to Prime.

This isn't the first time Amazon had paid big bucks to produce a TV series that already has a massive following, most notably when they spent a whopping $250M to hire Jeremy Clarkson, Richard Hammond and James May (the original cast of BBC's Top Gear UK) for their hit series The Grand Tour.

Via: Reuters
Source: Amazon