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I would dispute this. I don't think Tolkien ever considered or wanted the history of Arda to continue beyond the Fall of Sauron - that's exactly why he stopped writing "The New Shadow". Without 'incarnate evil' there was nothing left to write about. Fictional history became real history.
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Dagor Dagorath? That is a prophecy, even though it may not be clear, but it still was written.
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Even if they did just make one up (which I imagine could put them in a dubious legal position), why would anyone want it if it wasn't based on Professor Tolkien's own work? What would be the point?
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Simple. Money hungry companies don't really care if it was written by a the best author and if they destroy it's lore.