The Lord Of The Rings: The Fellowship Of The Ring (2001)
The Moment: Peter Jackson releases the first of his adaptations of JRR Tolkien's genre-defining fantasy, and somehow manages to do the unthinkable - he turns an 'unfilmable' story into something sweepingly romantic and action-packed. The Immediate Impact: Universal acclaim, 13 Oscar nominations and approbation as one of the finest fantasy films ever created. Not bad, really.
Lasting Effect: Book adaptations are still considered hot stuff, with every major studio attempting to replicate the successes of TLOTR and Harry Potter. Many have tried, many have failed.