WilliamCH - I agree with your analysis of rights, properties and usages. If you can, could you please expand on the statement you made above
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Christopher Tolkien owns those rights; will never, ever sell them, and even if he did Peter Jackson and New Line would be the last people on earth he'd let near them;
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I especially want to know how you came to the conclusion that Jackson and New Line would be the last people on earth that CT would be willing to work with. This is a rather strong statement and I wonder what supports it.