New The Lord Of The Rings Game In Development

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.

NFD has learned that the deal with the Abu Dhabi Investment Office has been signed. It’s currently unclear if or when a public announcement will be made.

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

When contacted for a statement, Embracer says that “a general rule, we do not comment on rumors or speculation.” Revenge, one studio said to be involved with the game, also declined to comment on “rumor and speculation”.

What do you think of a new The Lord of the Rings game and do you think a third-person action game is the right way to go? Let us know down in the comments below