The Lord of The Rings creator can finally rest in peace! Those in charge of J.R.R. Tolkien estate filed a lawsuit in February 2008 against New Line Cinema claiming that the estate was deprived of hundreds of millions of dollars. It just been settled, to the delight of hobbits everywhere.
Why the lawsuit? Apparently, the orc-like movie producers only paid $62,500 for the movie rights despite earning an estimated six billion dollars! The estate’s attorney says they were promised 7.5% of that figure and hadn’t been paid. Let’s do the math: 7.5% x 6,000,000,000 = $450,000,000. That’s 450 million dollars. What, the check got lost in the mail?
Tolkien’s heirs weren’t the only ones screaming about not being paid. The director, Peter Jackson, also feuded with the All Seeing Evil Eye . . . I mean, the movie studio over his share of the profits. New Line Cinema had settled that mess too.
Reportedly, the settlement of the Tolkien estate claim is around $100 million. So who will benefit