Nee Line Settles $100 Million With Tolkien Trustees allowing ‘The Hobbit’ two-part movie to go forward

September 9, 2009

US (ChattahBox) – It is being reported that New Line Cinema has settled a civil dispute with the family of J.R.R. Tolkien for an estimated $100 million.

New Line has been sued in the past over the ‘Lord of the Rings’ trilogy, after reportedly not paying the correct percentages to crew members, such as Peter Jackson, from it’s billions in profit.

A dispute began between the estate of J.R.R Tolkien and New Line in 2008, after the family claimed that only $62,500 of the owed 7.5% of profits had been paid to the family of the legendary writer.

While the original amount sought was $150 million, and then $220 million, the settlement has been named by anonymous sources at $100 million.

It is a staggering figure that will nevertheless likely prove a drop in the bucket as New Line now moves forward with their two-part movie deal for the rights to ‘The Hobbit’.

“We deeply value the contributions of the Tolkien novels to the success of our films and are pleased to have put this litigation behind us,” said Alan Horn of Warner Bros. Entertainment was quoted by THR, Esq.


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