“Don’t adventures ever have an end? I suppose not. Someone else always has to carry on the story.” Once again, Bilbo Baggins is wise beyond his years. Following reports that Warner Bros./New Line Cinema were in talks with a streaming outlet, Amazon Studios has announced plans for a Lord of the Rings TV series.

According to The Hollywood Reporter, this project will be produced in-house at Amazon Studios alongside the Tolkien Estate and Trust, publisher HarperCollins, and Warner Bros. Entertainment’s New Line Cinema. While this multi-season series will serve as an adaptation of J.R.R. Tolkien’s beloved novels, it will tell new storylines, and serve as a prequel to The Fellowship of the Ring. The deal is also rumored to include the potential for additional spinoff shows.

“The Lord of the Rings is a cultural phenomenon that has captured the imagination of generations of fans through literature and the big screen. We are honored to be working with the Tolkien Estate and Trust, HarperCollins, and New Line on this exciting collaboration for television and are thrilled to be taking The Lord of the Rings fans on a new epic journey in Middle Earth,” Sharon Tal Yguado, Amazon’s new head of scripted, said in a statement.

“We are delighted that Amazon, with its longstanding commitment to literature, is the home of the first-ever multi-season television series for The Lord of the Rings. Sharon and the team at Amazon Studios have exceptional ideas to bring to the screen previously unexplored stories based on J.R.R. Tolkien’s original writings,” added Matt Galsor, a representative for the Tolkien Estate and Trust and HarperCollins.