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Legal Path Clear For Hobbit Movie by BBC News Article
BBC News News  ISBN/ITEM#: CM090908LPCFHM
Date: 08 September 2009

Links: BBC News Article /

Now that news has come out that New Line Cinema has settled their $220 million (133 million) lawsuit with JRR Tolkien's heirs, we can eagerly await the 2011 release of director Guillermo del Toro's film The Hobbit.

From release/information:

A film version of JRR Tolkien's novel The Hobbit is to go ahead after its producers settled a legal row with the author's heirs.

They sued New Line Cinema for a reported $220m (133m) in compensation, based on breach of contract and fraud.

The suit claimed the US company failed to pay royalties due after the success of the Lord of the Rings trilogy.

Its settlement, for an undisclosed sum, paves the way for director Guillermo del Toro's two films based on the book.

New Line plans to release The Hobbit in 2011, followed by another movie drawing from other Tolkien works.

Alan Horn, president of the studio's parent company Warner Bros Entertainment, said the firm was "pleased to have put this litigation behind us".

"We all look forward to a mutually productive and beneficial relationship in the future," he added.

(Source: BBC News)

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