EXCLUSIVE: Veteran Studio Working On New Lord of the Rings Game

A veteran studio is working on the new The Lord of the Rings game.

In October 2025, Insider Gaming exclusively reported that a new Lord of the Rings game was in development. This game, according to sources, was being backed by the Abu Dhabi Investment Office (ADIO) and was being designed in a way that it could “compete with Hogwarts Legacy”.

At the time of the report, it was understood that multiple parties were involved in the game, including Embracer and Revenge. There was also another studio working on the game, and Insider Gaming has learned which studio that is.

Recently, claims surfaced regarding Kingdom Come: Deliverance developer Warhorse Studios working on a The Lord of the Rings game. While sources say that it’s possible they are also working on one, they aren’t the studio working on this specific game.

According to those close to the game’s development, Tomb Raider developer Crystal Dynamics is working on the upcoming The Lord of the Rings game. This work is alongside what’s being done on the new Tomb Raider: Legacy of Atlantis and Tomb Raider: Catalyst titles.

When asked for comment on both what Warhorse is working on and the Crystal Dynamics-developed game, Embracer reiterated that it does not comment on rumors or speculation. Crystal Dynamics also declined to comment.

As mentioned, the game being developed by Crystal Dynamics has received funding from the ADIO of roughly $100 million. The game has been in development for some time, but when asked regarding a release timeline, Insider Gaming was told it’s still “a bit away”.

What do you think of Crystal Dynamics developing a new The Lord of the Rings game? Leave your thoughts in the comments below, and in this official Insider Gaming Discord.

In other news, read about the release window for Lords of the Fallen 2 being accidentally revealed by an artist on the game. And for even more Insider Gaming delivered directly to your inbox, sign up for our newsletter.

Mike has been covering the gaming industry since 2012, and has reported on some of the largest events in the industry while also working as an investigative reporter. Outside of…

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