Posted by: Ophir Tal in Royalties, Film industry on
Feb 25, 2008
The heirs of JRR Tolkien sue New Line Cinema for £75 million, claiming the studios have inflated costs to avoid paying royalties. The film rights were sold in 1969 for about £100,000 and a percentage of the royalties. The suit also relates to the ongoing production of The Hobbit. See the full article at http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2008/02/12/wring212.xml
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