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"The Hobbit" Tied Up in Lawsuit

Posted: February 12th, 2008 by WorstPreviews.com Staff
"The Hobbit" Tied Up in LawsuitSubmit Comment
The Tolkien Trust (a British charity that manages the estate of JRR Tolkien) and publisher HarperCollins brought a $150 million lawsuit against New Line Cinema on Monday. The claim says that the trust has not received any of its gross profit participation payments for the three films based on the "Lord of the Rings" trilogy. The suit was filed Monday in Los Angeles Superior Court.

In addition to the $150 million in compensatory damages, the suit seeks punitive damages, and most important, a declaration from the court that the plaintiffs can terminate any further rights New Line may have to the Tolkien works under the agreements -- including "The Hobbit."

According to the suit - although the "Lord of the Rings" films produced by New Line are among the most financially successful films ever created, with worldwide gross receipts of nearly $6 billion - New Line has failed to pay the plaintiffs any portion of the gross profit participation to which they are entitled under their deal.

Bonnie Eskenazi, who represents the trust, said, "New Line has brought new meaning to the phrase 'creative accounting.' I cannot imagine how on earth New Line will argue to a jury that these films could gross literally billions of dollars, and yet the creator's heirs, who are entitled to a share of gross receipts, don't get a penny."

Click here to read more about "The Hobbit."

Source: Variety


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Displaying 1 comment(s) Profanity: Turn On
swoooop writes:
on February 12th, 2008 at 4:57:41 PM

Goddamn New Line! They better fix this fast!

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