The rights to The Lord of the Rings and The Hobbit have only just been purchased by colossal holdings company Embracer Group but the company is already talking about spin-off films starring Gandalf, Aragorn, Gollum, and more. Embracer said in its acquisition announcement that, alongside other upcoming Lord of the Rings projects such as Amazon's The Rings of Power and The War of the Rohirrim anime film , it's also eager to explore movie tie-ins for some well known characters. "Other opportunities include exploring additional movies based on iconic characters such as Gandalf, Aragorn, Gollum, Galadriel, Eowyn, and other characters from the literary works of J.R.R. Tolkien," Embracer said. It will also "continue to provide new opportunities for fans to explore this fictive world through merchandising and other experiences." Embracer's aqcuisition of Middle-earth Enterprises gives it the worldwide rights to motion pictures, video games, board games