Should Netflix Acquire ‘Lord of the Rings’ Rights?
Should Netflix Acquire ‘Lord of the Rings’ Rights?
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News came yesterday that the right to two franchises of J. R. R. Tolkien was ready to be sold in the form of film rights and games which are expected to reach at least $ 2 billion. With Netflix looking for the top IP, should they see the right? We weigh the pros and cons.
According to varieties, the right to film rights and the right of the game is ready to be sold to the ruler of the ring and hobbit.
Today’s television rights with Amazon. Amazon will release their first debut series “The Rings of Power” in September.
Netflix has been mostly away from this great acquisition in this history. The biggest IP acquisition has so far picked up the Millarworld comic book library and recently, Roald Dahl’s work.
Because of the variety of articles, there are rampant speculations about who might be and have to buy it. Amazon, Disney and Apple are all the most quoted but have Netflix try and get it?
Why Netflix Shouldn’t Buy The Lord of the Rings
The Warner Brothers movies would be hard/impossible to top
When the Amazon TV program was first announced, it immediately attracted a comparison to the films directed by Peter Jackson. While the show rather moves from comparison, if anyone will move to the world of films with this franchise, comparisons will almost impossible.
Of course, we have seen a reboot from the film franchise in the past but rebooting the ruler of the ring, in particular, is the task of Mammoth. They generate almost $ 3 billion in the box office and nominated for 30 Academy Awards. The return of the king won 11 Oscars.
Netflix already has major fantasy IP
Netflix has made a big investment in fantasy IP for years with the best it will still come.
Witcher may be the biggest effort to date but Netflix still works on Chronic Narnia, Sandman, Avatar: Last Airbender, and Kane Chronicles to mention but some.
Not everything has run a house but there is still a lot to do. The damned may be the biggest famous flop in the fantasy room so far for Netflix.
The point is with limited resources and time, it would be better to fill holes in the genre where Netflix is less than one where Netflix already has a name that can be recognized.
There are better acquisitions (and possibly for better prices)
$ 2 billion is not a small number of changes. Even if it comes significantly lower, the expenditure is large.
Guy entertainment strategy wrote a guide to acquiring us in 2021 where he argued that Netflix had to target people like Lionsgate (who had a close market of a total of $ 3.1B) because it would make you a library and the right to develop shows and films in the future front.
While we thought Netflix had to make a big acquisition there was a great chance of the offer far out there that gave more bang for your money.
Why Netflix Should Buy The Lord of the Rings
Huge fantasy IP that gives Netflix an edge
You will see most of our pro will only rotate against his head. If we turn the first cheater on his head and consider Netflix to destroy it from the park, it can be the biggest lottery for new customers.
Ruler rings and hobbits are great global nature. They are known throughout the world and are in demand today as they are 20 years ago.
As we mentioned above too, Netflix has many fantasy IP but most of the efforts so far have been focused on the TV room. Beyond bright and several other efforts in fantasy, Netflix did not have a large fantasy film in the warehouse. Obtaining Lord of the Rings will definitely change it.
There’s more to explore beyond the main stories
One of the main reasons against Netflix into the franchise is because you will try to recreate what many refers to perfection.
Of course, Amazon chose to overcome other stories outside the two trilogy that had been produced. The middle earth is a rich and vibrant universe with more to explore.
