Turbine announces an extension of their deal with Tolkien Enterprises to develop MMORPGs based on The Hobbit and The Lord of the Rings trilogy. The deal now runs through 2014 with an option to push it out to 2017.Here's the announcement, including an asterisk with no corresponding footnote claiming that Lord of the Rings Online was named 2007 PC game of the year, though we're not sure where:

WESTWOOD, MA – February 20, 2008 - Turbine, Inc. announced today that in the wake of the global success of The Lord of the Rings Online™: Shadows of Angmar™, named the 2007 PC Game of the Year*, it has reached an agreement with Tolkien Enterprises to extend it’s license to develop Massively Multiplayer Online Roleplaying Games (MMORPG) based on The Hobbit and The Lord of the Rings by J.R.R. Tolkien to 2014 with additional options to extend the rights until 2017.

“We’re thrilled with the global success of The Lord of the Rings Online since its launch in 2007,” said Jim Crowley, president and CEO of Turbine, Inc. “With the recent announcement of what are sure to be two blockbuster films based on The Hobbit and a sequel, we expect the success of the license and our relationship with Tolkien Enterprises to grow for years to come.”

“We have had a wonderful working relationship with Turbine over the past several years,” said Albert M. Bendich, Executive Vice President of The Saul Zaentz Company, and its merchandising division Tolkien Enterprises. “We look forward to our continuing success with Turbine as it pushes the envelope for compelling online entertainment and gameplay to bring the compelling characters of Middle-earth to life for Tolkien fans around the world.”