NewsWire: Beatles Wanted to Film 'Rings' - Associated Press
The band's film producer, Denis O'Dell tells the Times of London that Paul McCartney would have played Frodo and John Lennon would have been the wizard Gandalf. Ringo Starr and George Harrison would have had roles too, although they were not specified.
He says that the band ran into a problem with finding a director. David Lean was interested but was caught up in filming 'Ryan's Daughter.' Stanley Kubrick said that the books were unfilmable.
O'Dell says that the group had thought about an album surrounding the film.