Instagram/Stephen Colbert Movie New LOTR film from Stephen Colbert & son announced. Warner Bros. reveals major franchise expansion on Tolkien Reading Day. Details inside. March 28, 2026 AceShowbiz - Warner Bros. has announced that Lord of the Rings will expand with a new movie developed by Stephen Colbert and his son. The reveal came through the studio's social media channels on Tuesday night, coinciding with Tolkien Reading Day and the symbolic destruction of the One Ring.