Amazon just paid half of all the money in the world to get the rights to Lord Of The Rings, and will now produce a TV show sure to be the grandest-scale thing in the history of the medium (and that includes the immaculate NCIS Universe). The $250 million price tag doesn't even include any of the production costs; it's just to get the rights to that sweet, sweet LOTR flavor. But since it's going to be some manner of prequel to the trilogy, we can only pray this doesn't turn into Gotham: Now With More Shire!
The problem with so many prequel ideas is the annoying trope of nudging the audience and pointing out all the origins of things we know are to come. "Remember lembas bread? Well look, there's ol' Alfred Lembas baking it for the first time!" To see how stupid this is in action, observe how Gotham somehow took the story of Batman, an adult man, and haphazardly retrofitted it to the story of a boy who still lives in a city completely surrounded by his entire rogue's gallery of villains, all of whom were apparently shady teens at the same time he was.
Game Of Thrones has proven a massive-scale fantasy series can be a huge success, so Lord Of The Rings, the granddaddy of all epic fantasy, seems like a great candidate for a TV show. However, we can only hope that means we're not going to see the Muppet Babies versions of Legolas and Sauron running into each other as emo teens well before the events of the books/films. No one needs to know that Sauron had potential, but his mom drank too much dwarven wine and the other kids at Maiar Academy used to flush his head down the toilet, and that's why he made that ring. The creative team needs to stay far, far away from the Young Sheldon urge to take us back to Gollum's formative years, with a Smeagol In The City kind of storyline wherein we just learn about what made him the way he was. Or maybe we find out that Treebeard used to be shrubbery trying to make it big in Gondor. I shudder to think.