There has, unsurprisingly, been a lot of speculation about what form the show will take. There has also been chat about the return of Peter Jackson to sprinkle some of the old movie magic onto the new show.
Amazon have struck a deal to use material from the Oscar winning film series, so it shouldn't come as much of a surprise that the show looks set to use at least its first series focusing on a key character from the films.
It has been rumoured on several Lord of the Rings fan sites that season one of the TV programme will focus in on the young life of Aragorn - played in the movies by Viggo Mortensen.
Viggo is unlikely to reprise his role as the Ranger of the North/future king of Gondor because of the age difference (he was supposed to be about 80 in the films given the strange nature of the aging process in Middle Earth) and it is not likely to focus on the 'War of the Ring' storyline.
That said, Tolkien's world is so detailed and huge that they won't struggle for material.
TheOneRing.net - a prominent fan's website - put out a series of tweets addressing what this means for Middle Earth - they said: "Firstly, we must stamp out any remaining confusion:
"From the first press release, we know this so-called #LOTR series will NOT be a retelling of the events of the War of the Ring. #BeenThereDoneThat
"Instead it will be Appendices based and cover a lot of time and history.
"This is the greatest advantage the show runners have: that so much of Tolkien's storytelling, even just in "Appendix A," covers a tremendous swath of time.
"Starting with a young Aragorn narrative allows connections to his Numenorean bloodline (and to the founding of #Gondor)"
If that made no sense to you, don't worry, they'll probably realise that not everyone is as up on their Tolkien mythology as these guys.
They also hinted that there might be some other story arcs that the showrunners could follow. Again, if you haven't read the trilogy, or any of the other books, this won't make a whole lot of sense.
They continued: "We could, in flashbacks, learn essentials about the men of #Arnor, sister kingdom in the north to #Gondor, and how the surviving #Dunedain became a community of Rangers, seeking to protect the north from incursions of the Witch-king of Angmar."
Whatever they do, it's sure to be huge. They've got enough money, why not try to go as big as possible?Featured Image Credit: New Line Cinema