We have unfortunate news for Lord of the Rings fans. Amazon Game Studios has announced it cancelled its MMORPG take on the series, which it announced in 2019. It was working on the game with China-based Leyou Technologies Holdings, which Tencent Holdings Ltd bought in December 2020. Contract negotiations fell through between Amazon and Tencent, this leading to this cancellation. An Amazon spokesperson confirmed the company "had been unable to secure terms to proceed with this title at this time."
The team working on the title will be shifted to other projects. This game joins Breakaway and Crucible as cancelled Amazon Game Studios titles.
Source: IGN