Its complex but on a very basic level. The Saul Zaentz company under the name Middle-Earth Enterprises (formerly Tolkien Enterprises) own the rights to movies, merchandising and stage plays based on The Hobbit and The Lord of the Rings. The rights to the books are still with the Tolkien Estate.
There was some movement around Feb of this year where it was being reported that The Saul Zaentz company where looking to sell off their rights but I haven't seen anything come of it since then.
Last edited by Ellemere; Apr 29 2022 at 09:07 AM.
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