Peter Jackson is suing New Line Cinema for $100MM over lost proceeds that should have come to him for Fellowship of the Ring.
In his lawsuit, Jackson accuses 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.
Because Jackson’s compensation from the movie was tied to gross revenues, he says New Line’s alleged self-dealing cost him money.
New Line denies the charges, or that “most” licensing rights went to Time Warner units.
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