The Tolkien Trust, which represents the estate of JRR Tolkien has filed a lawsuit against New Line claiming they are owed $140 million :
Charging “unabashed and insatiable greed,” the plaintiffs said in the complaint that New Line, which produced and distributed the “Lord of the Rings” movies, had failed to pay anything despite a nearly 40-year-old contract that entitles the trusts and the publishers to 7.5 percent of the films’ gross revenues, less certain costs.
The Lord of the Rings movie trilogy has earned some $6 billion worldwide. This follows a similar suit (since settled) by Peter Jackson, and another one started last year by producer Saul Zaentz. While this kind of suit normally would be of only cursrty interest to movie goes, the Tolkien estate is also seeking punitive damages and attempting to block the next two Hobbit movies. So, you’d better pay up, New Line, or break the heart of millions of Hobbit lovers!