I wouldn't go that far, especially with The Hobbit. While there are (good) fan edits out there that reduces the bloat down to exclusively the original novel's material, the general consensus is that the trilogy is hardly definitive. Hell, as phenomenally good as The Lord of the Rings trilogy is, and always will be, I don't think it could be said it's definitive either. There are a number of issues with it and lots of good material that wasn't covered (I don't mean Tom Bombardil or even the Scouring of the Shire). As already stated, if there's enough money, anything is possible eventually. That said, I would hope it doesn't happen for a long time, and when it does, I hope the trilogy is adapted for television to allow for all of the material to be covered.
The tale grew in the telling, as the saying goes. The Hobbit films are not an adaptation of the text of the book The Hobbit in isolation, nor should they be. They're The Hobbit as seen through the lens of The Lord of the Rings. That said, there is still much unnecessary material.
I appreciate the idea of viewing The Hobbit in such a manner and I do love seeing what Gandalf was up to during his absence, specifically meeting with the White Council and dealing with Dol Guldur. However, the execution of that has a lot of issues, including a fabricating a lot of stuff that doesn't come from any source material, most notably the unnecessary love triangle with Tauriel. There's also the fact this wasn't even Jackson's intention, having first needing follow the structure del Toro had set up (only two films, but one of them was originally "a bridging film") and then the studio got greedy and wanted a third film. So everything was stretched out and padded. There is lot more to that production than that, but either way, The Hobbit trilogy is hardly definitive or even intended as such.
Things like this, their stories are timeless. It’s already been a generation since Jackson’s films. It’s simply a matter of time until the next generation is ready for an adaptation within their zeitgeist
I have no desire to see TLotR or TH remade on film, but that doesn't mean it can't or won't happen eventually because everything is creatively circular.
I've got a book-purist streak myself, generally speaking. Yet I enjoy at least some of the material that Jackson & co. manufactured out of whole cloth, such as the Gandalf vs. Sauron battle or the scene where an invisible Bilbo spies on a conversation between Thranduil and Tauriel. On the other hand, almost everything done with Alfrid is terrible. Including his death scene, which you'd think would have been cathartic! And why the scene of Thorin's funeral / Dain's coronation was left out of the theatrical release is beyond me. ( To boost sales of the extended edition? ) I can get through large portions of Desolation without cringing at all, but the end achieves peak stupidity with the gold statue splooshing all over Smaug.
Unrelated to the show: https://www.ign.com/articles/magic-the-gatherings-2-million-lord-of-the-rings-card-has-been-found There's been a special spinoff from the popular Magic card game for Lord of the Rings. The company has produced a very special One Ring card that was randomly packed and included somewhere in a normal pack of cards and will only ever be printed once ( there's regular versions of the card for play purposes of course). A company is offering 2 million USD for it and the card has been found and already professionally graded ( a process to determine the quality of the card, i.e. how much and if any imperfections/damage it has which influences its value), it received a near perfect grade, 9/10 ( kinda a bummer that a special card like this which has not been damaged and is straight from the printer only received a 9/10 ) A guy found it and will likely collect 2 million.
It was a mistake to put the card in normal packs IMO. Should have had it either come pre-protected in only 'cases' or had it be a PLACEHOLDER card where the person then contacts the company to get it shipped protected.
As evidenced by the new Harry Potter series adaptation that is being produced. This time as a TV series that will (presumably) go into more depth with the book material. Personally, I never thought I see the series remade in my lifetime.
I think an 8 episode/season adaption of the LOTR trilogy can work very well. Same for Harry Potter, although given HBO's recent shenanigans who knows what will happen.
Unfortunately, pandering to the LCD is a common practice in Hollywood; we can expect any related production to see the loss of some intellectual impact during the translation from novel to film.