September 1 : 2009
Tolkien Trust lawsuit tentatively settled!
Voronwë the Faithful, a lawyer, Tolkien fan, and regular Messages Boards participant on TheOneRing.net has broken the news that the Tolkien Trust’s lawsuit against New Line over money owed for the LOTR trilogy has reached a tentative settlement. He quotes a stipulation filed with the court, which states that “the parties have entered into a binding term sheet settling this matter, which term sheet is subject to certain necessary ratifications, which may take up to several weeks to obtain.” Voronwë expresses confidence that those ratifications will come through and that the settlement will proceed successfully. He suspects that these include guarantees that when The Hobbit comes out, the percentage of New Line’s receipts specified back in the 1969 contracts will be paid on it as well. Thanks to Voronwë for sharing this news with us!



