‘Hobbit’ Heirs Seek $220 Million From Time Warner Over ‘Rings’

***Alcuin*** · 07-15-2009, 10:57 AM

from Bloomberg News. Follow the link to the story. I have never before seen the reference to “7.5 percent of future receipts,” but then I am not privy to the details.

J.R.R. Tolkien sold movie rights to his “Lord of the Rings” novels 40 years ago for 7.5 percent of future receipts. Three films and $6 billion later, his heirs say they haven’t seen a dime from Time Warner Inc. The accounting methods used by New Line Cinema, the Time Warner unit that made the movies, will face a jury’s scrutiny in October, when the heirs’ lawsuit against the New York-based media company is set for trial in Los Angeles Superior Court.

GrayMouser · 07-29-2009, 02:09 AM

A little more on this:

http://www.salon.com/ent/movies/btm/.../07/28/hobbit/

***Earniel*** · 07-29-2009, 09:49 AM

It'll be an interesting legal circus to watch in October, then.

I had to laugh at the phrase: "not one Orc-slobbered piece of silver".

***Alcuin*** · 09-08-2009, 10:57 PM

London Telegraph

Quote:

J.R.R. Tolkien's estate has reached a settlement with the studio behind the "Lord of the Rings" movies after alleging it had not received "even one penny" of royalties from the successful film trilogy.

... A lawyer for the Tolkien Trust, which together with HarperCollins Publishers had filed a lawsuit against New Line Cinema in February 2008, said the settlement was finalised ahead of a scheduled October 19 trial.

The terms of the settlement are confidential. ...

Complete article here.

07-15-2009, 10:57 AM	#1
*Alcuin* Salt Miner Join Date: Jun 2005 Location: gone to Far Harad Posts: 987	‘Hobbit’ Heirs Seek $220 Million From Time Warner Over ‘Rings’ from Bloomberg News. Follow the link to the story. I have never before seen the reference to “7.5 percent of future receipts,” but then I am not privy to the details. J.R.R. Tolkien sold movie rights to his “Lord of the Rings” novels 40 years ago for 7.5 percent of future receipts. Three films and $6 billion later, his heirs say they haven’t seen a dime from Time Warner Inc. The accounting methods used by New Line Cinema, the Time Warner unit that made the movies, will face a jury’s scrutiny in October, when the heirs’ lawsuit against the New York-based media company is set for trial in Los Angeles Superior Court.

07-29-2009, 02:09 AM	#2
GrayMouser Elf Lord Join Date: Feb 2003 Location: Ilha Formosa Posts: 2,068	A little more on this: http://www.salon.com/ent/movies/btm/.../07/28/hobbit/ __________________ Glendower: I can call spirits from the vasty deep. Hotspur: Why, so can I, or so can any man; But will they come when you do call for them? "I like pigs. Dogs look up to us, cats look down on us, but pigs treat us as equals."- Winston Churchill

07-29-2009, 09:49 AM	#3
*Earniel* The Chocoholic Sea Elf Administrator Join Date: Jan 2002 Location: N?n in Eilph (Belgium) Posts: 14,363	It'll be an interesting legal circus to watch in October, then. I had to laugh at the phrase: "not one Orc-slobbered piece of silver". __________________ We are not things.