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Surely film rights must expire at some point? Since copyright expires eventually it seems illogical that film rights could last forever. At some point it must be open to everyone (like when there were two films of "Emma" in one year and "Valmont" and "Dangerous Liaisons" appeared more or less at the same time (both based on Les Liaisons Dangereuses by Laclos). In someways that might be a good thing - I hold that Tolkien's world is great enough to take different interpretations and visions.
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“But Finrod walks with Finarfin his father beneath the trees in Eldamar.”
Christopher Tolkien, Requiescat in pace
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