Hobbit settlement reported

[Tuor in Gondolin]

Over at TORN there's this report:

September 1st, 2009
The Tolkien Estate and New Line Cinema have reached a tentative settlement in the court battle over money from “The Lord of the Rings” trilogy of films that have grossed around $3 billion.....

“A tentative settlement has been reached in the case. The parties have filed a stipulation that explicitly states that ‘the parties have entered into a binding term sheet settling this matter, which term sheet is subject to certain necessary ratifications, which may take up to several weeks to obtain.’
“Generally speaking, these kinds of “ratifications” are a formality and the settlement would not have been entered into unless they were pretty much sure that it would be ratified. I would shocked if the settlement did not go through. In all likelihood, this case is no longer going to provide any obstacle to the Hobbit films.