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A brand new The Lord of the Rings game is in development, and has been for some time.
Sources close to the game tell Insider Gaming that a new title is set to be, at least partially, funded by the Abu Dhabi Investment Office (ADIO). This funding should roughly equate to $100 million, give or take.
The deal has been in the works since last year, and, while not signed yet due to the number of moving parts, is said to be made official “soon” and could happen as early as next week. Regarding current funding of the game’s development, it has been funded internally.
As far as what the game will be, sources didn’t want to say too much. What was said, however, is that it will be a third-person action game that is designed, in a way, to “compete with Hogwarts Legacy.”
In addition to the ADIO, it was said that multiple parties are involved with the game, including Embracer, Revenge, and other studios. Embracer has had the rights to The Lord of the Rings IP for video games since 2022, when it paid nearly $400 million. It has since licensed out those rights to other companies to produce titles, including the much-maligned The Lord of the Rings: Gollum