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|Home: BigScreen Journal - Tolkien Trust and New Line Cinemas Settles "Lord of the Rings" Dispute, Clears Way for "The Hobbit"|
The Tolkien Trust has resolved their lawsuit with New Line Cinema, according to a press release issued today. Along with HarperCollins Publishers Ltd. and the trustees of the JRR Tolkien Estate, they had sued New Line over proceeds owed to them from the release of the three "The Lord of the Rings" movies between 2001 and 2003.
Commenting on the settlement, Christopher Tolkien said: "The Trustees regret that legal action was necessary, but are glad that this dispute has been settled on satisfactory terms that will allow the Tolkien Trust properly to pursue its charitable objectives. The Trustees acknowledge that New Line may now proceed with its proposed films of 'The Hobbit.'"
New Line also had problems with director Peter Jackson over similar issues, resulting in a foolish comment by New Line's chief Bob Shaye about Jackson never working for New Line while he's in charge. For the most part, New Line doesn't exist anymore, and Peter Jackson is producing and writing the two installments of The Hobbit. So foolish...
While many lawyers are probably very happy, the most important take-away item that we can enjoy is that this settlement clears the way for the Hobbit movies to be made. Hopefully, there will be better accounting for those two moves than the previous three!
Source: The Tolkien Trust Press Release
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