TORn friend, Brian Tither, who has studied Old and Middle English and Old Icelandic at Victoria University NZ, has sent this response to our post on Making Sense of the latest Tolkien Lawsuit.
Further to our earlier report this week, attorney and message board member Douglas C. Kane aka Voronwë the Faithful has once again sent us a breakdown on the latest Tolkien Lawsuit.
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.
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”
LOS ANGELES (AP) — A judge has barred the estate of “Lord of the Rings” author J.R.R. Tolkien from seeking punitive damages against the studio that brought the trilogy to the big screen. Tolkien’s heirs claim New Line Cinema has failed to pay any royalties from the estimated $6 billion they say the movie has grossed worldwide. The lawsuit is seeking more than $150 million in compensatory damages based on breach of contract, fraud and other claims. Los Angeles Superior Court Judge Ann I. Jones also ruled this week that the estate and Tolkien heirs have established a legal basis for the fraud claim against New Line. As part of that allegation, the lawsuit claims New Line sent millions of dollars to Time Warner Inc.’s AOL, improperly claiming they were for advertising expenses. The lawsuit also claims the studio built production offices and facilities in New Zealand and listed them as expenses for the “Lord of the Rings” films, although the heirs claim they are now being used for other New Line projects. Continue reading “Court: No punitive damages in ‘LOTR’ suit”