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In his lawsuit, Jackson has accused New Line of granting the licensing
rights to Lord of the Rings books, DVDs, and merchandise
to other Time Warner companies without allowing bids from other
entertainment companies. As a result, the total revenues related
to the film were lower than they would have been had there been
open bidding for these ancillary rights, Jackson claims.
Jackson who directed, co-produced and co-wrote the blockbuster
trilogy, has become richer by the franchise to the tune of around
$200 million.
New Line intends to fight the case aggressively. The question now
is will this have any affect on The Hobbit? Jackson is said
to have plans to make this prequel to LOTR. One could argue
that Jackson is being a touch ungrateful considering that New Line
gave him the money on what was at that point considered a huge risk
when Miramax backed out. |