Word comes out today that the JRR Tolkien estate and New Line Cinemas have settled their lawsuit regarding profits from the hugely successful “Lord of the Rings” trilogy.
Tolkien estate, New Line settle lawsuit over films - AP
The estate of the late author of all things Middle Earth was suing the studio over millions of dollars it claimed was owed from the profits of the franchise.
The settlement details have not yet been made public, but speculation that a large portion of it will go to the Tolkien Trust, a group that sponsors charities around the world.
What does this mean for those of us clamoring for “The Hobbit” to get going? It most likely portends that we’ll start getting news fast and furious as production leaps into high gear. (Watch for casting announcements to begin in the next week or so).
