When Peter Jackson’s epic adaptation of The Lord of the Rings: The Fellowship of the Ring debuted on December 10, 2001, it was considered a likely boondoggle. Hollywood hadn’t launched a truly successful fantasy film franchise since the first Star Wars trilogy in the 1970s. If it was going to create one now, the savvy take was that the Harry Potter movies were a better bet, with a more active fan base and a simpler, more movie-friendly plot structure than that boasted by JRR Tolkien’s labyrinthine Lord of the Rings trilogy. What’s more, Peter Jackson’s last major film, 1996’s The Frighteners, was a flop. Jackson, Variety wrote at the time, with slight incredulity, “must have convinced someone that he would do it right.”

Yet The Fellowship of the Ring was a hit. It opened at $47 million do

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