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AMBITIOUS ‘LORD OF THE RINGS’ PREQUEL HOPES TO SLAY DRAGONS

The return of dragons on the small screen has been a huge hit. Now it’s time for the return of the elves and dwarves.

Amazon Studios is launching “The Lord of the Rings: The Rings of Power,” an ambitious, years-in-the-making and very expensive salvo that will go head-to-head with another costly streaming fantasy epic: HBO’s “Game of Thrones” spinoff “House of the Dragon,” which recently became the most-watched series premiere in HBO history.

The series is based on J.R.R. Tolkien’s writings and asides about Middle-earth’s Second Age, which preceded the Third Age’s “Lord of the Rings” and “Hobbit” films and books. Tolkien’s grandson, Simon Tolkien, was a creative consultant.

“We say Tolkien sort of left a series of stars in

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