The unforgettable characters of J.R.R. Tolkien officially have a new home, and things are already stirring. In February, Zaentz Co. announced that they were looking to sell the rights of The Lord of the Rings and Hobbit trilogy to new owners. This ownership, which includes the film, merchandising, gaming, and event rights, has officially been purchased by Embracer Group; and from the looks of things they have big plans ahead!