Bad news for The Hobbit

[Darkwolf71]

Seems Peter Jackson isn't the only one not being paid by New Line for the LotR movies.

http://books.guardian.co.uk/news/articles/0,,2255898,00.html

JRR Tolkien's estate is suing the studio behind the Lord of the Rings trilogy and threatening to block production on the planned prequel, The Hobbit over claims it has not been paid its share of profits from the massively successful fantasy series.
The suit, filed yesterday in Los Angeles by the Tolkien Trust, a UK charity which manages the writer's estate, and HarperCollins, the novels' original publisher, alleges that New Line failed to pay "even one penny" from profits generated by the three films, which have amassed close to $6bn (£3bn) since 2001

The law suit not only demands payment, but may allow Tolkien Trust to prevent New Line from even making the planned prequals.

 

[Blackrat]

You're a bit late with this news http://www.enworld.org/showthread.php?t=218894

 

[Darkwolf71]

Dang it! I looked, I really did. Missed the previous thread.

 

[frankthedm]

The true creativity of Hollywood is found not with its writers or directors, but instead with it's accountants.

http://en.wikipedia.org/wiki/Hollywood_accounting

http://en.wikipedia.org/wiki/Monkey_points.

Hollywood accounting is not limited to movies. An example is the Warner Bros. television series Babylon 5 created by J. Michael Straczynski. Straczynski, who wrote 90% of the episodes in addition to producing the show, would receive a generous cut of profits if not for Hollywood accounting[citation needed]. The series, which was profitable in each of its five seasons from 1993–1998, has garnered more than US$1 billion for Warner Bros., most recently US$500 million in DVD sales alone. But in the last profit statement given to Straczynski, Warner Bros. claimed the property was $80 million in debt. "Basically," says Straczynski, "by the terms of my contract, if a set on a WB movie burns down in Botswana, they can charge it against B5's profits." [8]

 

[Megaton]

Ugh. Three years ago I figured this would be the easiest movie to make, but now it sounds like it'll take years just to get it in production, if ever.

 

[Orius]

The true creativity of Hollywood is found not with its writers or directors, but instead with it's accountants.

Do you have this on a macro or something? This is the third time you've made this post in as many threads.

Not that I really care, given how sleazy the practice (err, Hollywood's creative accounting that is) is.