A Lord of The Rings TV show has been confirmed as a multi-season commitment at Amazon. The show will be produced by Amazon Studios and is expected to "dwarf any TV series to date." The series will focus on tales from Middle Earth that precede "The Fellowship of the Ring".
It's amazing how sword and sorcery, previously long considered a risky proposition in the entertainment world, has become such a cottage industry in the past 15 or so years. I'm sure there are some who are wildly enthusiastic about this but I must admit to a bit of Tolkien adaptation fatigue at this point.