If I recall correctly, the literary works, The Hobbit, LoTR, Silmarillion, etc, are owned by the Estate. Film rights for the Hobbit and LoTR only are owned by Saul Zaentz. The rights to names and characters in The Hobbit and LoTR are owned by Tolkien Enterprises (Zaentz' company). Anything pertaining to the Sil. is owned by the Estate or Christopher Tolkien (or both). So if anyone hears a rumor about a Silmarillion movie, its a lie.
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Beleriand, Beleriand,
the borders of the Elven-land.
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