Spotted in The Hollywood Reporter apparently directly from AP:

The Associated Press says that director Peter Jackson’s production company, Wingnut Films, has sued New Line Cinema over profits from The Lord of the Rings: The Fellowship of the Ring.

The first LOTR film earned US$314.8mil at the North American box office and US$556.6mil internationally.

In the federal lawsuit filed in Los Angeles, the company alleges New Line and its subsidiary, Katia Motion Pictures, failed to properly calculate revenue, including money from DVD sales.

The company also alleges that New Line Cinema gave favourable treatment to its affiliates in negotiating licensing deals for the movie. The suit seeks unspecified damages.

More news as we get it

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