While the cost of the series could certainly result in the Lord of the Rings series being doomed no matter how well-received it may be, Salke does have a point. At this time, television audiences are accustomed to shows with movie-sized budgets and anything less for J.R.R. Tolkien’s revered stories would probably not go over well.
The Lord of the Rings television series is currently in production.
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Source: The Hollywood Reporter