Hundreds of millions of dollars have been flung into making prequels of the fantasy franchises. But which will triumph? Or, with no familiar characters, could both end in disaster?

‘We thought the war, at last, was ended,” says Morfydd Clark’s elf queen Galadriel in the trailer for Amazon’s new Lord of the Rings series, but she really ought to know better. High fantasy thrives on tales of epic battle, but this autumn a different kind of showdown is taking shape. Rather than good v evil or elves v orcs, a clash of eye-wateringly expensive streaming series is on the cards, the likes of which we have never seen before.

At one end of the field is Lord of the Rings: The Rings of Power, Amazon’s lavish, long-awaited prequel to JRR Tolkien’s hugely successful fantasy saga. At the other is House of the Dragon, HBO’s lavish, long-awaited prequel to George RR Martin’s hugely successful fantasy saga. In what appears to be a deliberate head-to-head, the 10-part House of the Dragon will debut on 21 August, two weeks before the eight-part The Rings of Power launches, which means the two series will reach their respective climaxes the same week. Who will be the victor? Do we have room for both? Or, in fact, either? And who has the most to lose?

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