New Line Cinema has been slapped with another Lord of the Rings lawsuit.
A few years ago Rings director Peter Jackson sued the movie studio for underpaying him by millions.
Now, on Monday, reps for the estate of Lord of the Rings creator, J.R.R. Tolkien, filed a suit in LA claiming New Line failed to pay them their cut of gross profits. The estate claims that the film company made $6 billion off the three Rings movies and is required to pay 7.5% of gross receipts to the estate and its partners.
That’s a lot of cash that’s due!
This is probably the last thing that the studio needs. A major shake up is already in the cards for New Line.
Expect the layoffs to happen soon.
[Image via WENN.]
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Feb 11, 2008 17:46pm PDT
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