It looks like Frodo was the only one to live happily ever after
So, you've just won an Oscar, your movies are quite possibly the greatest movie trilogy ever. Your Steve Jackson. You are finishing up the new King Kong flick. Sound like a good time to sue the studio you made the Lord of the Rings for. Click here for story.
Not that I blame Jackson. He alleges, and is most likely correct, that New Line Cinema undersold the rights to it sister companies in the Time Warner family. Thus the profits from the books, toys and other stuff held up in these other companies. If this is true, then New Line owes him roughly $100 Million bucks. So its not like their fighting over pocket change. The reality is that the studios have been using creative accounting to hid profits from artists for years.
Not that I blame Jackson. He alleges, and is most likely correct, that New Line Cinema undersold the rights to it sister companies in the Time Warner family. Thus the profits from the books, toys and other stuff held up in these other companies. If this is true, then New Line owes him roughly $100 Million bucks. So its not like their fighting over pocket change. The reality is that the studios have been using creative accounting to hid profits from artists for years.
posted by Peter Young @ 9:02 PM
2 Comments:
At 8:55 AM,
Philip Young said…
Greedy Hollywood Studios? Such a shock!
Do you know if he making that King Kong movie with New Line?
At 11:54 PM,
Peter Young said…
No, Universal.
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