Business

This is what’s at stake for HBO’s ‘Home of the Dragon’ and Amazon’s ‘The Rings of Energy’


Promos for HBO MAX Sport of Thrones: Home of the Dragon (L), and Prime Video Lord of the Rings: The Rings of Energy.

HBO Max | Amazon

As summer time involves an finish, two costly fantasy sequence crammed with sorcery, sword fights and fantastical beasts will premiere on rival streaming providers.

Whereas it could seem to be Amazon Prime Video’s “The Rings of Energy” and Warner Bros. Discovery’s “Home of the Dragon” must be dueling franchises, as they start inside a pair weeks of one another, the 2 sequence serve very totally different functions for his or her respective studios.

The stakes could also be increased for “Home of the Dragon,” which is able to go first. It begins Sunday on HBO and streaming service HBO Max, arriving as newly minted CEO David Zaslav is in search of fats to trim.

Price-cutting measures have grow to be establishment on the just lately merged firm together with layoffs and content material eliminations from HBO Max. As Warner Bros. Discovery seeks to economize, it is also trying to consolidate its streaming providers, one thing that can be costly and time-consuming.

“Home of the Dragon” tells the story of the Targaryen civil conflict that passed off about 200 years earlier than the occasions portrayed in “Sport of Thrones.” It’s based mostly on George R.R. Martin’s novel “Fireplace and Blood.” Not like Martin’s different books within the “Track of Ice and Fireplace” sequence, this one options an omniscient narrator who paperwork the histories based mostly on collected accounts of occasions. In some instances, these tales contradict one another and there are a number of variations of occasions.

Amazon Prime Video’s “The Rings of Energy” arrives Sept. 2. The sequence is predicated on materials within the appendices of J.R.R. Tolkien’s monumental “The Lord of the Rings” novels. “The Rings of Energy” focuses on the foremost occasions of Center-earth’s second age, a time of peace that’s disrupted by the rise of the Darkish Lord Sauron. It takes place 1000’s of years earlier than the beginning of “The Hobbit” and “The Lord of the Rings,” which filmmaker Peter Jackson became separate blockbuster trilogies earlier this century.

Whereas each sequence have mature themes, Martin’s work is extra focused at adults, because it portrays visceral acts of violence, nudity and sexual assault. Whereas there are giant battles in “The Lord of the Rings,” earlier iterations have been extra appropriate for youthful audiences.

Each sequence will drop new episodes weekly, a method that would flip them into must-watch occasion TV and preserve audiences speaking and speculating about what’s to come back.

You win, otherwise you die

If “Home of the Dragon,” which value a reported $15 million to $20 million per episode, does not stay as much as expectations, the following section of the Sport of Thrones franchise may fizzle out rapidly.

“I really feel like they’ve extra to show available in the market,” mentioned Dan Rayburn, a streaming and media analyst. “Amazon, they are not attempting to impress traders and when they’re, it is round commerce.”

In fact, the alternative can also be true. If the “Sport of Thrones” prequel is a crucial hit, Warner Bros. Discovery may see this fledgling franchise grow to be a way more substantial a part of the popular culture zeitgeist.

“Home of the Dragon” holds a 78% “Recent” ranking on Rotten Tomatoes from 177 opinions. For comparability, the primary season of “Sport of Thrones” launched in 2011 had a 90% “Recent” ranking. In truth, each season besides the ultimate season had a rating above 90%. Season eight generated a 55% ranking.

No ranking has been assigned to “The Rings of Energy,” but. The three authentic “Lord of the Rings” movies every scored between 91% and 95%, whereas the “Hobbit” trilogy generated scores between 59% and 74% from critics.

The highway goes ever on

Not like conventional standalone streaming providers, like HBO Max, Netflix, Disney+ or Peacock, Amazon is much less beholden than subscriber metrics. The flicks, tv sequence and documentaries it gives are a supplemental add-on to its e-commerce website and its cloud computing enterprise.

“The longer you spend watching one thing on Amazon, the higher probability [you’re] going to purchase shampoo, toothpaste, a garden mower, you realize, and that is finally their enterprise,” mentioned Paul Hardart, director of the leisure, media and know-how program at NYU Stern College of Enterprise. “And they also’ve received a number of methods to make cash off of you.”

Amazon’s technique lately has been to give attention to content material that has a passionate built-in viewers and can add worth to its platform. Along with snatching up the rights to Tolkien’s “Lord of the Rings” supplemental materials in 2017 for an estimated $250 million, the corporate just lately purchased MGM Studios for $8.5 billion, giving it entry to James Bond, the Rocky franchise and “The Silence of the Lambs.” 

It additionally partnered with Dungeons and Dragons media group Important Function to create an animated sequence based mostly on one of many group’s campaigns, and has created its personal sequence based mostly on “A League of Their Personal,” one based mostly on Lee Kid’s Jack Reacher novels and one other on Tom Clancy’s character Jack Ryan.

Amazon Studios shared its first picture of its upcoming untitled “Lord of the Rings” sequence, due on its streaming service Sept. 2, 2022.

Amazon Studios

Amazon has a five-season plan for “The Rings of Energy,” a plan that will swallow greater than $1 billion in manufacturing prices and will take almost a decade to finish. With this funding, it’s unlikely that the corporate will deviate from the sequence, even when viewership is smaller-than-expected.

In fact, analysts and traders will possible by no means get viewership information from Amazon, mentioned Rayburn. The corporate has all the time been quiet about its streaming numbers, doling out occasional figures for large movies or sequence, however has not translated these numbers into income figures.

“We’re by no means going to know if the Amazon sequence is profitable,” he mentioned. “They’ll by no means come out and provides us metrics which are tied to income.”

Warner Bros. Discovery, however, may preserve income information quiet, however could also be extra prepared to concede viewership information, he mentioned. The corporate will even “don’t have any alternative” however to cancel the present if it does not carry out properly, “particularly with the [recent] pullback of content material spend,” Rayburn mentioned.

In fact, the followers would be the ultimate metric. Regardless that followers criticized the ultimate season of “Sport of Thrones,” the sequence as a complete continues to be beloved and its rankings had been constantly HBO’s highest through the time of its run.

“The Rings of Energy” additionally has an enormous baked-in viewers. The six theatrical movies tied to Tolkien’s novels generated greater than $5.8 billion on the world field workplace, and Amazon – which made its identify as a bookseller, in spite of everything – noticed a resurgence in curiosity within the creator’s texts earlier this 12 months. Even “The Silmarillion,” Tolkien’s esoteric, posthumously revealed mythos of Center-earth, reached Amazon’s high chart for the primary time ever, signaling a surge in curiosity forward of the sequence.

If audiences rally behind these exhibits, whether or not critics like them or not, then each firms will search for methods to increase their respective universes and supply extra content material, and merchandise, sooner or later.

It may be excellent news for different streaming providers dabbling in fantasy. Disney+ will premiere its “Willow” sequence, a sequel to the 1988 sword-and-sorcery Ron Howard film, on the finish of November.

Disclosure: Comcast is the dad or mum firm of NBCUniversal and CNBC. Peacock and Rotten Tomatoes is owned by NBCUniversal.