Hollywood accounting - Wikipedia, the free encyclopedia
Peter Jackson, director of The Lord of the Rings, and his studio Wingnut Films, brought a lawsuit against New Line Cinema after "an audit... on part of the income of The Fellowship of the Ring." Jackson stated this is regarding "certain accounting practices," which may be a reference to Hollywood accounting. In response, New Line stated that their rights to a film of The Hobbit were time-limited, and since Jackson would not work with them again until the suit was settled, he would not be asked to direct The Hobbit, as had been anticipated.[7] Fifteen actors are suing New Line Cinema claiming that they have never received their 5% of revenue from merchandise sold in relation to the movie, which contains their likeness.[8] Similarly, the Tolkien estate has sued New Line, claiming that while their contract entitled them to 7.5% of the gross receipts, the film studio has refused to pay them any share of the $6 billion dollar hit.[9]
7 ^ TheOneRing.net: Peter Jackson and Fran Walsh Talk THE HOBBIT
8 ^ :15 actors sue New Line Cinema over 'Lord of the Rings' profits
9 ^ The Associated Press: Tolkien Estate Sues New Line Cinema
Peter Jackson and Fran Walsh Talk THE HOBBIT | Hobbit Movie News and Rumors | TheOneRing.netâ„¢ | The Hobbit and Lord of the Rings Movie News and Rumors
Thus, someone else will be taking his shoes:
The Hobbit (2011) Guillermo del Toro
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