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The decision really isn't surprising as the studios rarely want to commit that kind of capital without the deck being stacked in their favor of getting the money back. While The Lord of the Rings and (later) the Hobbit all sold as a trilogy from day one, they are also the only two examples of that ever happening. All other film trilogies were after the fact, only when the first film proved to be successful. Those involved might have had a trilogy in mind but having all three contractually guaranteed to be made just doesn't happen outside of the Tolkien films. The Lord of the Rings almost wasn't made except that New Line's Bob Shaye saw something then that all the other studios didn't (who based on the now billions of dollar franchise). The only reason The Dark Tower had a reach chance of getting green lit was because studios are just as terrified of missing the next Lord of the Rings scale money maker as they are paying for it.