LEGO Lord of the rings and the hobbit have been removed from the Steam store

Oh wow, I'm really glad I grabbed a free copy for my alt account / kids account. They are too small to play the games by themselves, but I think they are nice games to have for when they are a bit older.

Disney is collecting every entertainment product they have, they're gonna create a streaming service and quite probably a game studio.

Yeah this is weird, especially as Warner bros studios are the ones who owned the rights to LOTR and the lego games, so it seemed they'd be the last to get ditched. Maybe warner bros own licence on the rights as a whole passed on? I can't see them making any more movies unless Peter jackson has a plan for a 3 movie epic based on The Silmarillion.

What happened? WB lost license to Hobbit and LOTR?

I don't know but LOTR: War in the North, Guardians of Middle-earth, Shadow of Mordor, and Shadow of War are published by Warner Bros. and are still for sale.