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| Filmmaker 'earns £94m from Rings' | ||
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| Topic Started: Aug 30 2005, 08:34 PM (27 Views) | ||
| Sinion Kabe | Aug 30 2005, 08:34 PM Post #1 | |
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Pitbull Rank
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A movie producer earned $168m (£94m) from The Lord of the Rings films even though he did not work on the trilogy, trade paper Variety has reported.![]() The Lord of the Rings films made more than $2.9bn (£1.6bn) Saul Zaentz got the payout from film studio New Line because he bought the rights to JRR Tolkien's books in 1976. The windfall is revealed in court papers after New Line settled a legal wrangle with Mr Zaentz, Variety said. He sued New Line for a further $20m (£11m), saying they miscalculated the box office royalties he was owed. The three Lord of the Rings films made more than $2.9bn (£1.6bn) at box offices around the world and the final instalment won 11 Oscars. Mr Zaentz, 84, produced One Flew Over the Cuckoo's Nest, Amadeus and The English Patient. He retained the rights to The Lord of the Rings after making an animated adventure in 1978. Variety said neither side would reveal how much New Line paid Mr Zaentz to settle the legal action. ![]() Saul Zaentz (right) produced The English Patient Mr Zaentz claimed New Line based his share of royalties from foreign distributors on net income but said it should have been worked out from the gross profits. New Line still faces a legal challenge from the trilogy's director Peter Jackson, who says the company withheld his share of profits from the first film. |
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| mazdan | Aug 31 2005, 01:40 AM Post #2 | |
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s**t
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| Ryan Montross | Aug 31 2005, 01:41 AM Post #3 | |
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Woah Boy, That's A Lot Of Mula! I Wonder What He's Going To Do With It. :rolleyess: | |
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| Sinion Kabe | Aug 31 2005, 06:10 PM Post #4 | |
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Zaentz must have known these books will be a big hit. Good think on his behalf. | |
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8:24 AM Jul 11
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8:24 AM Jul 11