It is one of two new “Lord of the Rings” films announced by Warner Bros Discovery WBD.O CEO David Zaslav on Thursday.

Andy Serkis will reprise his role as Gollum and will direct the first of the two films, which has a working title of “Lord of the Rings: The Hunt for Gollum.”

Peter Jackson, who directed the “Lord of the Rings” trilogy two decades ago followed by three “Hobbit” movies, will serve as a producer of the new films.

The movies are based on books written by JRR Tolkien and set in the fictional land of Middle-earth inhabited by humans, elves, dwarves, and hobbits.

The prior movies in the franchise have earned nearly US$6 billion combined at global box offices. The 2003 movie, “Return of the King,” won 11 Oscars including best picture.

A previously announced animated “Lord of the Rings” film, called “The War of the Rohirrim,” is set for release in theatres this December.