How long before LOTR and/or The Hobbit films are remade/relaunched?

How long before we see LOTR remade?

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30 years seems sensible. Tolkien's death will be 70 years gone in 2044, leaving LOTR in the public domain for free. And then the studios can get hold of it, add some explosions, love scenes, get Chris Pratt to play Gandalf (he should be about the right age by then), whack in some topless elves, a disco number over the end credits and watch the dollars roll in!

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