Colossal video game company Embracer Group is buying the rights to The Lord of the Rings and The Hobbit, and will explore opportunities to create new games, movies, and more based on them.

More Lord of the Rings movies are being developed, it was announced during today's Warner Bros. Discovery earnings call.

Erebor, a digital bank for startups and cryptocurrency companies founded by Anduril CEO Palmer Luckey, is raising money from 8VC and Founders Fund.