On a different topic, Embracer Group, owner of amongst many other things the IP rights to Lord of the Rings, today published their
2024-25 annual report. In one segment of their business they reported reduced profit due to the lower than expected performance of the Lord of the Rings: War of the Rohirrim movie. Despite this the company states that:
Clearly the company are ambitious to maximise the return of their investment when they bought the IP rights to Lord of the Rings in 2022. Of course, this doesn't mean that we can be confident that Universal will use the LotR IP in any of their parks any time soon. But I think that if Universal did want to explore all things Tolkien in the country in which he was born they would find a willing partner in the Embracer Group, and almost certainly lower licensing fees that the huge sums of money they pay to Warner Bros/JK Rowling for their Wizarding World lands.