Lawsuit over “The Lord of the Rings” have been settled

image As it was reported Tuesday the heirs of J.R.R. Tolkien and New Line Cinema have settled the lawsuit over the profits gained from the production of “The Lord of the Rings" trilogy. Tolkien’s heirs sued New Line Cinema in February 2008, claiming the studio owed it millions in profits from the movies released between 2001 and 2003. The films earned an estimated $6 billion in sales of movie tickets, DVDs and merchandise.

The lawsuit was seeking to cancel New Line Cinema’s rights to make films based on the book.

"We deeply value the contributions of the Tolkien novels to the success of our films and are pleased to have put this litigation behind us," said Alan Horn, president and chief operating officer of Warner Bros. Entertainment Inc. which acquired New Line in March 2008.

The settlement vindicated the heirs of Tolkien as reported by Bonnie Eskenazi, an attorney who handled the lawsuit for the Tolkien estate. One of the beneficiaries was The Tolkien Trust, a British charity that supports causes around the world.

Christopher Tolkien, one of the author’s trustees, said the lawsuit was regrettable, but the estate is "glad that this dispute has been settled on satisfactory terms that will allow The Tolkien Trust to properly pursue its charitable objectives."

The lawsuit claimed Tolkien’s trust received only an upfront payment of $62,500 for the three movies before production began but was due 7.5 percent of the gross receipts.

The terms of the settlement remain uncovered.

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