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Stephen Colbert is not easing into life after late-night. He is diving straight into Middle-earth. On Tolkien Reading Day, he popped up in a video with Peter Jackson and shared the kind of news that sounds like it came straight from a fan’s daydream. Colbert is writing a new Lord of the Rings film, based on an idea he and his son pitched to Jackson two years ago. And yes, he looks just as thrilled as you would expect.
Colbert, who is leaving The Late Show in May after the show’s cancellation, announced the project through Warner Bros. social media on Wednesday, March 25. The video was framed as a Tolkien Reading Day celebration, with Jackson right there for the reveal. Colbert summed up the moment with simple honesty, “I’m pretty happy about it.”
If you have ever seen Colbert talk about Lord of the Rings, you know this is not a random career move. It is the kind of thing he would have done even if he never hosted a talk show at all.
The origin story for this film is very Colbert. He was rereading The Fellowship of the Ring and got stuck on the early stretch that Jackson did not include in the 2001 movie. That reread turned into an idea, then a pitch, and now it is turning into an actual film.
As Colbert explained, “It’s basically the chapter is ‘Three Is Company’ through ‘Fog on the Barrow-Downs,’ and I thought, ‘Oh wait, maybe that could be its own story that could fit into the larger story? Could we make something that was completely faithful to the books, while also being completely faithful to the movies that you guys had already made?’ ”
That is the sweet spot he is aiming for. Not a remix that ignores Tolkien, and not something that clashes with the look and tone Jackson established. Instead, it sounds like he wants it to feel like a missing puzzle piece that was always meant to be there.
Colbert did not develop the idea alone. He worked it out with his son, Peter McGee, a screenwriter, and the two shaped a framing device that would let the story fit into the larger Lord of the Rings world.
He also admitted that actually pitching Peter Jackson took some nerve. He said he had to “scrape up” the courage to do it. But he did, and the pitch landed.
From there, things got very real. Colbert revealed they began developing the story with Philippa Boyens, one of the key screenwriters from the original Lord of the Rings trilogy. That detail matters, since Boyens has long been part of the team that knows how to translate Tolkien to the screen without losing the heart of it.

In the video, Jackson teasingly asked if Colbert even had time to take on something this big. Colbert’s answer made it clear this was once a scheduling problem, and now it is not. “I did not think I would have the time, as much as I love it, I knew I couldn’t do that and do this show at the same time, but it turns out I’m going to be free starting this summer.”
Colbert said, which prompted Jackson to reply, “Isn’t that fortunate?” It is a funny exchange, but it also carries a little sting. Colbert is “free” because The Late Show is ending. Still, if you are going to choose your next chapter, writing Tolkien with Peter Jackson involved is a pretty unforgettable way to do it.
Colbert ended the announcement with a line that feels like a promise to fellow fans as much as a sign-off. “I will see you all in the Shire.”
This is not Stephen Colbert suddenly discovering Tolkien because it is trendy. He has been proudly loud about his love for these stories for years. Back in 2021, he celebrated the 20th anniversary of The Fellowship of the Ring on The Late Show and put his opinion on the record.
“If you ask me, there is no better film series. The Lord of the Rings is, without a doubt, the greatest trilogy in movie history.”
That is the energy he is bringing into this project. He is not approaching it like a detached hired hand. He is approaching it like someone who has lived with these books and movies for a long time.
Deadline reports the film is being produced by New Line Cinema and Warner Bros. Pictures. The script will be written by Colbert, Philippa Boyens, and Peter McGee.
There are still plenty of unanswered questions, like the official title, casting, and when it might be released. But the creative focus is already clear. It is rooted in specific Fellowship chapters that longtime readers know well, and it aims to connect cleanly to the existing films.
This announcement also lands during a bigger wave of Lord of the Rings activity. Fans are already looking ahead to The Lord of the Rings: The Hunt for Gollum, directed by Andy Serkis and adapted by Walsh, Boyens, Arty Papageorgiou, and Phoebe Gittins. That film is set for Dec. 2027.
So Colbert’s project is not arriving in isolation. It is part of a broader return to this world, with familiar names and a clear effort to keep continuity with what came before.
Fun fact: Stephen Colbert and his wife, Evie, have a cameo in The Hobbit: The Desolation of Smaug extended edition. So this is not his first official step into Jackson’s Middle-earth world.
Colbert took over The Late Show in 2015 after David Letterman. Then, in July 2025, he announced that he would be leaving in May 2026 and that CBS was canceling the show entirely.
CBS said the decision was financial and “not related in any way to the show’s performance, content, or other matters happening at Paramount.” Still, the timing raised eyebrows. The cancellation came shortly after Colbert criticized Paramount, CBS’s parent company, for a $16 million settlement with President Donald Trump related to claims about a 60 Minutes interview edit. Paramount was also pursuing a merger at the time, which needed approval from the Trump administration.
However you read that situation, one thing is clear now. Colbert is moving forward, and he is doing it with a project that feels personal. If you have ever wanted to see what happens when a true Tolkien fan gets a real shot to build a story inside this world, you are about to find out.

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This article was made with AI assistance and human editing.
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