The series is slated to run for at least five seasons.

Peter Jackson, director of "The Lord of the Rings" and "The Hobbit" movie trilogies, confirmed he will not be involved with the TV series.

The series is expected to be the most expensive TV show in history, with Amazon expected to spend at least $1 billion on its production.

Amazon was in a bidding war with Netflix for the rights to the novels, with Amazon acquiring the rights in the end at a cost of $250 million.

Will not be a direct adaptation of the books, but will instead introduce new stories that are set before the first movie (The Fellowship of the Ring.)