Lawsuit by Tolkien Estate may halt The Hobbit

[Mithalwen]

Originally Posted by PrinceOfTheHalflings

If it was for much less than $100 million I'd be very surprised.

http://economictimes.indiatimes.com/...ow/4990245.cms

Well as Dave said the Trust accounts will give a fair idea but if they asked originally for $150million then even allowing that an ooc settlement would not be the full amount ... then I would hope you were right. Of course they may have agreed to be paid in instalment.

Given that the trust aims to give continuing longterm support to its chosen charities I imagine that they will invest the bulk of the settlement in order to do this from income rather than distribute it as capital.

Even with current miniscule interest rates a lump sum of this size should generate enough to maintain the trust as a force for good for a long time even without getting crafty with extending copyright. A legacy that like the Road will go on and on... I may have to forgive PJ for what he did to the book....

[Mithalwen]

http://www.thelondondailynews.com/el...ko-p-3476.html

I read about this (can't find actual story) over the weekend. I think that the estimated figure was $50 million- obviously including usual revenues as well as the film settlement. Wonder if this means that they are paying in instalments...