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I'm somewhat comforted by the fact that the Amazon CEO Jeff Bezos is already known to be a big fan of the fantasy genre and that he was directly involved in discussing this project with the Tolkien Estate and Trust.~Valesse
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The rub about this is I remember when Jackson said he was a "fan" of Tolkien because he read Lord of the Rings once on a train and thought "this will be a kewl movie."