New Line Cinema Faces Another LOTR Lawsuit
Posted: Wednesday, January 23rd, 2008 at 4:52 pm
The distributor of the Lord of the Rings movies, New Line Cinema, has been hit with another lawsuit, this time from Saul Zaentz, who acquired the rights to the Lord of the Rings and Hobbit novels in the 1970s. He licensed them to Miramax Film Corp, and Miramax assigned them to New Line Cinema.
The Lord of the Rings movies grossed around three billion dollars worldwide and this lawsuit claims that the contract specifies that Zaentz would get a cut of the profits as well as the rights to audit New Line Cinema’s books.
According to the lawsuit he is not being given the opportunity to audit the books, which the lawsuit claims is a breach of the contract. The lawsuit was filed last week at the Los Angeles Superior Court. A lawsuit was filed earlier by the Peter Jackson against New Line Cinema over his share of profits for the movies.
According to reports the lack of access to New Line’s books for auditing meant that it was impossible to determine whether profits were accurate, and therefore whether royalty payments were accurate.
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