I think 'insulted' is perhaps too strong a word, but I think he would almost certainly have been affronted at some of the liberties taken with the story, dialogue and characterisations.
On the other hand, I feel sure that many of the visuals would have met with his approval, as PJ's team have done a stunning job of bringing the locations and costumes to life.
Overall though, money or not, I don't think he would have enjoyed the films as he would be consistently nit-picking over the treatment of his creation.
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