Step 1: The first movie, which is supposedly to be directed by Ron Howard (it never fails to amaze me what kind of films Howard gets attached to) and written by Akiva Goldsman (a frequent Howard collaborator, having done A Beautiful Mind and The Da Vinci Code).
Step 2: Air a TV series on NBC of unknown episodes, also directed by Howard and written by Goldsman. This series would bridge the gap between the first and second movies.
Step 3: The second movie, which no one is attached to yet (as far as I know, Howard's only supposed to do one of these, so I don't think this will be his Lord of the Rings).
Step 4: A second TV series will air on NBC, this one serving as a prequel to the whole series, therefore filling out some of the background information of the series. No one is attached to this yet either.
Step 5: Finally, the third film, which picks up exactly where the second film left off and provides the conclusion of this whole series.
Needless to say, there's plenty of ambition here. However, this is a really risky endeavor. For one, King adaptations have never been blockbusters, though I suppose nothing of this scope has been adapted yet? I'm not really a King fan, so I'm not entirely sure.
What do you think? Is this going to be a monumental success, changing the way epic projects like this are released, or is this going to be a devastating economic failure for Universal, which honestly doesn't need that at the moment?