Budget of Lord of The Rings TV show will top $1 bn and it will become the most expensive series ever. This is an Amazon TV series.
Till now, The Crown, by Netflix was number one at a 'piffling' $100 million.
'Lord of the Rings' fantasy series is a science fiction novel authored by JRR Tolkien.
The Lord of the Ring film franchise was directed by Peter Jackson.
A $250 million rights deal was won by the Tolkien estate, HarperCollins and New Line Cinema against Netflix, says The Hollywood Reporter.
The content of the show will be based on the events before the first volume, "Lord of the Rings: The Fellowship Of The Ring."
Jackson may also be involved with the series and talks Amazon have reportedly started.