Lawsuit by Tolkien Estate may halt The Hobbit - The Barrow-Downs Discussion Forum

***Mithadan*** · 07-28-2009, 03:30 PM

The Tolkien Estate is apparently claiming that New Line has failed to pay royalties required by the 1969 licensing agreement that Tolkien signed. Salon.com reports that the Estate is entitled to 7.5% royalties after deduction of 2.9 times the production cost for the LoTR movies and advertising expenses. New Line has apparently paid the Estate nothing and claims it owes nothing. The Estate may claim (or has claimed) that the failure to pay royalties is a breach of the licencing agreement and, as a result, the rights revert to the Estate.

The article discussing this may be found at this link. http://www.salon.com/ent/movies/btm/...es/btm/feature

07-28-2009, 03:30 PM	#1
*Mithadan* Spirit of Mist Join Date: Jul 2000 Location: Tol Eressea Posts: 3,393	Lawsuit by Tolkien Estate may halt The Hobbit The Tolkien Estate is apparently claiming that New Line has failed to pay royalties required by the 1969 licensing agreement that Tolkien signed. Salon.com reports that the Estate is entitled to 7.5% royalties after deduction of 2.9 times the production cost for the LoTR movies and advertising expenses. New Line has apparently paid the Estate nothing and claims it owes nothing. The Estate may claim (or has claimed) that the failure to pay royalties is a breach of the licencing agreement and, as a result, the rights revert to the Estate. The article discussing this may be found at this link. http://www.salon.com/ent/movies/btm/...es/btm/feature __________________ Beleriand, Beleriand, the borders of the Elven-land.