The Tolkien Estate and New Line Cinema have reached a tentative settlement in the court battle over money from “The Lord of the Rings” trilogy of films that have grossed around $3 billion. TheOneRing.net message board member Voronwë_the_Faithful has written to give us the absolute world-wide scoop. He managed to mine a great nugget of information from the L.A. Superior Court and has written the following:
“A tentative settlement has been reached in the case. The parties have filed a stipulation that explicitly states that ‘the parties have entered into a binding term sheet settling this matter, which term sheet is subject to certain necessary ratifications, which may take up to several weeks to obtain.’
“In other words, a settlement has been reached, but it needs to be approved by certain unnamed individuals/entities. I’m sure it is a complicated settlement, and I’m relatively sure that it includes specifications to ensure that payments are made on the Hobbit films, so I assume that one of the ratifications needs to come from Warner. Continue reading “Exclusive: Tentative settlement reached in Tolkien v. New Line, it appears that ‘The Hobbit’ movie is safe”
