Giddy-up, lil’ Hobbit, for your day in Hollywood may be at hand!
The Hollywood Reporter announced that New Line Cinema, the Tolkien estate, and publisher Harper Collins have finally settled on a long-standing dispute over payment of the film trilogy’s massive earnings.
While the actual numbers of the settlement are still unknown, this much is true — the Tolkien estate has dropped any legal action against the upcoming prequel for “The Hobbit.”
“The Trustees regret that legal action was necessary, but are glad that this dispute has been settled on satisfactory terms that will allow the Tolkien Trust properly to pursue its charitable objectives,” said Christopher Tolkien in a statement. “The Trustees acknowledge that New Line may now proceed with its proposed films of ‘The Hobbit.’ “