Despite more than $6 billion in box office receipts, DVD sales and merchandising from the film adaptation of J.R.R. Tolkein's "Lord of the Rings," his heirs have yet to receive a cent, even though Tolkein sold the film rights to his trilogy in 1969 for $250,000 and 7.5 percent of all future movie receipts. Now the heirs, represented by Greenberg Glusker, have filed suit against New Line Cinema, a Time Warner subsidiary, claiming the studio has used all sorts of accounting wizardry to get out of paying them.
Tolkien Film Trilogy Rings False for His Heirs
The American Lawyer
July 16, 2009