It is, in fact, the Estate- probably not unconnected with Christopher Tolkien's resignation as President at the beginning of August. The original JRRT-United Artists contract explicitly reserved the TV rights, so this could not have come from ZaentzCorp/Middle-earth Enterprises, who only got film rights (plus "derivative rights" which their lawyers have ballooned into everything from videogames to poker machines).
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The entire plot of The Lord of the Rings could be said to turn on what Sauron didn’t know, and when he didn’t know it.
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