Instagram/Stephen Colbert Movie Stephen Colbert leaves late-night to adapt the new Lord of the Rings movie. Discover the host's dream role in the iconic fantasy franchise. March 25, 2026 AceShowbiz - Lord of the Rings fans have a new reason to be excited as Stephen Colbert prepares to take on a major new role in the franchise's future. Following his departure from CBS's The Late Show on May 21, Colbert will begin work adapting the upcoming Lord of the Rings movie for New Line Cinema and Warner Bros. Pictures.