Paul Norell as "King of the Dead" in THE LORD OF THE RINGS: THE RETURN OF THE KING (2003).
© New Line Cinema
Actors Sue New Line over LOTR
By: News EditorDate: Thursday, June 07, 2007
Source: Associated Press
Director Peter Jackson's production company sued over being shortchanged on profits, including revenue from DVD sales, for THE FELLOWSHIP OF THE RING. Then in 2005, New Line settled out of court with producer Saul Zaentz, who claimed he was owed an additional $20 million in royalties from the LOTR series.
Now fifteen New Zealand actors are claiming they're still owed a percentage of the profits from the sales of film's merchandise. Per an Associated Press' article, they "were supposed to split 5 percent of the revenue after expenses from sales of caps, video games, mugs and other merchandise. But a suit filed in the Los Angeles County Superior Court contends, New Line breached the contract by taking distribution and 'gross participation' fees to which it wasn't entitled."
Attorney Henry Gradstein told the AP, the merchandise has created $100 million in net profits, including $22 million alone for items associated with Paul Norell, who played the "King of the Dead."
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My concern is that incidents like this can also ruin the possabilities for other great movies from getting made. Studios seem to be shy of taking risks as it is. Which is why we keep getting remakes after remakes. Wash, rinse, and repeat.
What if somebody decides they want to make a movie about Isaac Asimov's Foundation series? Studios might reflect on the potential legal wraglings also. Worse case scenerio is a studio green lights it with a miserly budget then gives it to a bunch of hacks to put it together. Look at Eragon. Not that that was such a great book to begin with. But someone with the right amount of talent could have pulled it off.
Anyway, my 2 cents.