The new series will explore Middle-earth in a time period before the events of The Lord of the Rings - but given that Galsor says that it will concern "previously unexplored stories", we might not be looking at another adaptation of The Hobbit either.
Earlier this month, news broke that Amazon was trying to close a deal to bring J.R.R. Tokien's The Lord of the Rings to life as a television series, and now it looks like it's actually going to happen.
"'The Lord of the Rings" is a cultural phenomenon that has captured the imagination of generations of fans through literature and the big screen", Sharon Tal Yguado, who oversees scripted series for Amazon Studios, said in the release.
New Line Cinema, which distributed the film trilogy, the Tolkien Estate and Trust, and publisher HarperCollins will work with Amazon to produce the television series.
And @astudyinpinkk said: "Fandom: don't do this. please stop amazon". "I don't see it being anywhere in between".
At Amazon Studios, a sprawling epic series has become a commodity most precious. That lawsuit had been underway since 2012, with Warner Bros. later settling this past July for an undisclosed amount.
For five years, the two bodies were embroiled in court proceedings, after the author's estate said the studio overstepped the mark and made millions selling unauthorised merchandising.
With an A-list cast that included Elijah Wood, Viggo Mortensen, Ian McKellen, Liv Tyler and Orlando Bloom, Peter Jackson's "The Lord of the Rings" movie trilogy earned nearly $3 billion worldwide, scooping 17 Oscars in total. The Return of the King won the Academy Award for Best Picture.