The estate of author J.R.R. Tolkien has settled a lawsuit with New Line Cinema and Warner Brothers in a case involving payments and royalties owed the family for director Peter Jackson's blockbuster
Lord of the Rings film trilogy. According to the estate, they had only been paid $62,000 for the rights to the stories and were owned a percentage of the gross. No details of the settlement have been released but it is certainly in the millions of dollars. The settlement clears the way for New Line to produce the forthcoming two-feature film project based on Tolkien's
The Hobbit. For more
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