Harvey Weinstein - Weinstein Brothers Sue Over The Hobbit Revenue

Subscribe to Harvey Weinstein alerts

Movie moguls Bob and Harvey Weinstein have filed a $75 million (£50 million) lawsuit against production studio bosses in a dispute over profits from The Hobbit films.

The Weinstein brothers signed a deal with executives at New Line Cinema Corporation, part of the Time Warner brand, in 1998, giving producers the rights to make films based on the hugely popular J.R.R. Tolkien book.

According to documents filed in New York's Manhattan Supreme Court on Wednesday (11Dec13), New Line chiefs agreed to pay the plaintiffs five per cent of gross receipts for the "first motion picture" from the fantasy novel, directed by Peter Jackson, as they had already invested $10 million (£6.7 million) into developing a big screen adaptation of The Hobbit.

However, the Weinsteins claim the defendants then decided to split The Hobbit into three movies and are now refusing to pay them for money made from the second and third films, with producers insisting they are actually "remakes" - which the brothers would not be compensated for.

In court papers, the Weinsteins state, "The three part motion picture collectively tells the entire story of The Hobbit", adding, "This case is about greed and ingratitude."

The first installment, The Hobbit: An Unexpected Journey, hit cinemas last year (12) and grossed over $1 billion worldwide, and the follow-up, The Desolation of Smaug, opened in theatres this week (begs09Dec13). The third movie, There and Back Again, is scheduled for release next year (14).

Bosses from both New Line and Time Warner have been named as defendants in the case.


Tags: Harvey Weinstein - The Hobbit

Subscribe to Harvey Weinstein alerts

More Harvey Weinstein

Argentinian Soccer Animation 'Underdogs' Gets English Makeover [Pictures]

Juan Jose Campanella's animated movie Foosball is being repackaged for a worldwide release under the new title Underdogs. The Weinstein Company has acquired rights in...

August: Osage County Movie Review

Tracy Letts adapts his own prize-winning play into a blistering depiction of one of cinema's most dysfunctional families ever. It's still rather theatrical, throwing a...

Harvey Weinstein Vows To Back Major Cut Down On Violent Movies

Harvey Weinstein got tongues wagging this week with the announcement that his production company are making an anti-gun film, one that will star Meryl Streep...

Harvey Weinstein On Meryl Streep/NRA Movie, "They're Going To Wish They Were Dead"

Harvey Weinstein has promised that the National Rifle Association are going to "wish they weren't alive" after his releases his firearms movie, with Meryl Streep....


Before The Desolation Of Smaug's Release, The Weinstein Brothers Are Suing New Line For Their Cut Of The Profits

The Hobbit trilogy, which has been a highly profitable venture for New Line Cinema, is also causing some problems for the studio – namely a...

Harvey And Bob Weinstein Sues Warner Bros. For $75 Million Dollars Over Owed Money From 'The Hobbit' Films

The Weinstein brothers have filed a lawsuit against Warner Bros. and its New Line Cinema due to claims that they are owed money from 'The...

'Mandela: Long Walk to Freedom' Gives Idris Elba A Real Oscars Chance

Mandela: A Long Walk To Freedom, the Weinstein's biopic based on the autobiography of South African President Nelson Mandela, has received mixed reviews from...

Michelle Obama Fronts Filmmakers Workshop At White House As She Promotes Careers In Hollywood

First Lady Michelle Obama presented a filmmakers workshop at the White House on Friday, 8 November, to promote careers in the entertainment industry to a...



Harvey Weinstein Newsletter

Subscribe to this news alert service to receive news and reviews on Harvey Weinstein

Unsubscribe | Unsubscribe All