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Thursday, July 16, 2009

LoTA Bests the LoTR?

LoTA: Lord of the Accountancy

A joke as old as Hollywood is that no film ever made a dime, according to the studio accountants who cooked the books. That is the joke behind the lawsuit filed by the heirs of JRR Tolkien against the studio that produced the Lord of the Rings-based movies. The heirs would like $220 million dollars, sooner rather than later. At risk is $4B in future sales associated with planned Hobbit movies. Here is the Bloomberg story that gives the details of the issues and large cast of players in the money issues of the LoTR and Hobbit movies.

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