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Old 02-14-2008, 07:16 PM   #47
William Cloud Hicklin
Loremaster of Annúminas
 
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Join Date: Oct 2006
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William Cloud Hicklin is battling Black Riders on Weathertop.William Cloud Hicklin is battling Black Riders on Weathertop.William Cloud Hicklin is battling Black Riders on Weathertop.
Quote:
22. Under the 1969 agreements, United Artists obtained the right, among other things, to make films based on the Literary Works and agreed, among other things, to pay [Tolkien and his publishers] a total of 7.5% of the "Gross Receipts" from any films based upon the Literary Works after a contractually-defined "Artificial Payment Level" is reached (hereinafter referred to as the "Gross Receipts Participation" or "Participation"). The 1969 Agreements expressly define "Gross Receipts" to include "all moneys derived by the distributor of the photoplay" less certain defined "off-the-top" expenses. The 1969 Agreements define the "Artificial Payment Level" as that point at which the "Gross Receipts" exceed 2.6 times the defined "final cost of production of the photoplay," plus certain other defined costs.
The repeated use of defined implies that each of these terms is defined within the four corners of the contract.

Allegations of New Line financial shenanigans tomorrow.
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The entire plot of The Lord of the Rings could be said to turn on what Sauron didn’t know, and when he didn’t know it.
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