Lord Of The Rings Sued By Top Producer

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The studio behind the Lord Of The Rings movie trilogy is being sued for $20 million (GBP11.1 million) by movie and music mogul Saul Zaentz in regard to alleged unpaid royalties.

Zaentz's claim against NEW LINE CINEMA states he is owed a percentage of adjusted gross receipts after he bought the rights to the works of the story's author JRR TOLKIEN in the 1970s - licensing it to the movie company in return for a share of the profits.

The three 'Rings' films have grossed a combination of $2.9 billion (GBP1.61 billion) worldwide.

The English Patient producer's claim based on a partial audit of the first film, 2001's The Lord Of The Rings: THE FELLOWSHIP OF THE RING stated he was owed a percentage of adjusted gross receipts.

New Line's calculations have been based on the a net figure instead - the difference being $198 million (GBP110 million) with ten per cent owed to him.

19/08/2004 16:54


Tags: Lord Of The Rings - Saul Zaentz - The English Patient

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