Or no Hobbits at all...

[Mister Underhill]

Originally Posted by WCH

It's not really a separate property in that both were assigned under a single contract...

Ah, this I did not know. That makes things more interesting.

Originally Posted by StW

so using the normal 50/50 theater split

This is a small point but I've mentioned it before and I'll mention it again. The distributor/exhibitor split is usually calculated according to a sliding formula that typically favors the distributor in the early weeks and the exhibitor later on. So it could be as much as 80% of receipts going to the distributor for the first few weeks. Don't know what the exact formula was for LotR, of course, but I can pretty much guarantee you it wasn't a straight fifty-fifty split.