The show is to be produced by Amazon Studios in cooperation with the Tolkien Estate and Trust, HarperCollins and New Line Cinema, a division of Warner Bros. Entertainment.
The deal includes a potential, additional spin-off series, the parties said in a press release.
No casting has been announced yet.
"'The Lord of the Rings' is a cultural phenomenon that has captured the imagination of generations of fans through literature and the big screen," Sharon Tal Yguado, head of scripted series at Amazon Studios, said in a statement Monday.
"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."
"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,'" added Matt Galsor, a representative for the Tolkien Estate and Trust and HarperCollins.
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"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."
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