With an estimated $50 million in income to his estate in the last 12 months, Tolkien beat out Peanuts creator Charles Schulz ($35 million); peace chance-giver John Lennon ($15 million); childrens’ author and cartoonist Theodor Seuss Geisel ($15 million); and global warming denier Michael Crichton ($9 million).
The Peter Jackson-produced two-part The Hobbit adaptation, scheduled to begin principal photography early next year, has dodged a lawsuit that might have derailed the entire project. But now the films are in danger again, as motion picture studio Metro-Goldwyn-Mayer considers declaring bankruptcy.
An official announcement has confirmed the story that TheOneRing.net broke last week, that the parties in a lawsuit that could have derailed production of the upcoming The Hobbit films have reached a settlement.
Leading Lord of the Rings movie blog TheOneRing.net is reporting that a tentative settlement has been reached in the lawsuit between the heirs of author JRR Tolkien and New Line Cinema. The suit threatened to derail production of New Line’s upcoming two part film adaptation of The Hobbit.
New details have come to light concerning the lawsuit by the heirs of JRR Tolkien, the late author of The Lord of the Rings and The Hobbit, against film production company New Line Cinema. It has been confirmed that the suit will go before a jury in October, and may impact plans by New Line and Time Warner to shoot a two-part adaptation of The Hobbit, now in pre-production in New Zealand.
A two-part film adaptation of JRR Tolkien’s beloved children’s novel, The Hobbit, is slated for release in December 2011 and December 2012. The films will be directed by Guillermo del Toro, with Peter Jackson acting as executive producer and co-writer.
A suit filed against New Line Cinema, producers of Peter Jackson’s Lord of the Rings film trilogy, by the heirs of author JRR Tolkien will be decided by a jury, a state court judge has ruled.
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