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The Lord of the Rings: The Fellowship of the Ring (2001)
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178 minutes, theatrical cut. The journey changes from a warm, recognisable home into a world whose beauty and danger gradually acquire emotional weight. Time spent on meals, songs and quarrels makes the fellowship feel like people learning how to travel together, so each later separation costs something. This is the most welcoming starting point here, although its quest continues across two further films.
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About The Lord of the Rings: The Fellowship of the Ring
Young hobbit Frodo Baggins, after inheriting a mysterious ring from his uncle Bilbo, must leave his home in order to keep it from falling into the hands of its evil creator. Along the way, a fellowship is formed to protect the ringbearer and make sure that the ring arrives at its final destination: Mt. Doom, the only place where it can be destroyed.