As was predicted last week, the legal rumblings between the Tolkien Estate and New Line have come to an end and the path is now clear for ‘The Hobbit’ film(s). Here’s the official press release:
The claim was filed in February of last year. HarperCollins Publishers Ltd. and the trustees of the JRR Tolkien Estate were co-plaintiffs in the claim, which concerned plaintiffs’ participation interest in the “Lord of the Rings” films released between 2001 and 2003. The precise terms of the settlement are confidential.
Warner Bros.’ President & Chief Operating Officer Alan Horn said: “We deeply value the contributions of the Tolkien novels to the success of our films and are pleased to have put this litigation behind us. We all look forward to a mutually productive and beneficial relationship in the future.”
The “Lord of the Rings” films produced by New Line are among the most successful films ever created and were released in 2001, 2002 and 2003 respectively.
JRR Tolkien is the world-renowned author of works including “The Lord of the Rings” and “The Hobbit.” The Tolkien Trust is a UK registered charity that has made grants to charitable causes all over the world totaling over $8 million in the last five years alone.
Throughout its history, New Line has created a number of enduring film franchises, including the Lord of the Rings trilogy, “The Mask,” the Austin Powers titles, “Blade,” “Rush Hour,” “Elf,” “Sex and the City” and “Wedding Crashers.” New Line became a unit of Warner Bros. Entertainment in March 2008.