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The Insider reports:

Amazon has put big money into its new series based on J.R.R. Tolkien’s “The Lord of the Rings” book trilogy.

The 8-episode season of “The Rings of Power” has cost the company $715 million, or more than 5.1 million annual subscriptions to Amazon Prime, according to the Wall Street Journal. Last year, Amazon said that it had more than 200 million subscribers to Prime. A subscription to the service costs $139 per year.

The Journal reports that other streaming companies, including Netflix and HBO, were interested in buying the TV rights of the much-loved book series, but only Amazon shelled out nearly $250 million, beating out the competition.

Read the full article.

Amazon’s first season of its Lord of the Rings show ‘The Rings of Power’ will cost $715 million — or 5.1 million annual Prime subscriptions https://t.co/ulC5A0JXm6

— Tech Insider (@TechInsider) August 26, 2022