'Lord of the Rings' rights win producer an easy £94m

Variety reported yesterday that Mr Zaentz, who had nothing ultimately to do with Peter Jackson's wildly successful movie trilogy, had been paid a thumping $168m (£94m) by New Line Cinema as part of a settlement designed to ward off a full-blown jury trial, which would otherwise have started last month.

It was, the entertainment newspaper said, the biggest payday earned by a producer for a film or series of films he did not even produce.

The settlement, which may ultimately involve further compensation for Mr Zaentz because of a secondary dispute over royalty payment calculations, was the latest twist in an increasingly ugly battle over the spoils from The Lord of the Rings trilogy. It took almost $3bn in global box-office receipts and is still raking in profits, thanks to DVD sales and other secondary marketing opportunities.

New Line Cinema feels it is entitled to the lion's share of the profits because it took the biggest risk, committing to all three films ahead of time and putting $180m up front at a time when fantasy was as unfashionable a genre as light opera.

But that aggrieved many involved, including Peter Jackson, the director, and his producer-wife Fran Walsh. They have sued New Line claiming they have been short-changed on their share of revenue from home video, merchandising and video games related to the film.

Mr Zaentz is a revered figure in Hollywood, responsible for relatively few films although almost every one has been wildly successful, everything from One Flew Over the Cuckoo's Nest in 1976, to Amadeus (1984) and The English Patient (1995). His acquisition of J R R Tolkein's trilogy led to an unsuccessful cartoon version of the first of the three books in 1978, after which film industry believed the Rings cycle was nearly unfilmable.

The idea was revived in the mid-1990s, when Mr Jackson approached Miramax films for seed funds. But Miramax was forced to let go of the project after Disney, its parent company, said no because of the the anticipated high cost.

So Miramax stuck on legal stipulations and allowed it to be shopped around. Those stipulations have become the stuff of many of the lawsuits, including Mr Zaentz's. His name and that of Miramax are on the credits (and in the Oscar nominations) but they were not involved in production.

But quite how the $168m figure, almost enough to make the trilogy again, was reached remains unknown.

Voices
The Sumatran tiger, endemic to the Indonesian island of Sumatra, is an endangered species
voicesJonathon Porritt: The wild tiger population is thought to have dropped by 97 per cent since 1900
Arts and Entertainment
Beast would strip to his underpants and take to the stage with a slogan scrawled on his bare chest whilst fans shouted “you fat bastard” at him
musicIndie music promoter was was a feature at Carter gigs
News
news
Arts and Entertainment
Story line: Susanoo slays the Yamata no Orochi serpent in the Japanese version of a myth dating back 40,000 years
arts + entsApplying the theory of evolution to the world's many mythologies
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
News
ebookA unique anthology of reporting and analysis of a crucial period of history
News
Performers dressed as Tunnocks chocolate teacakes, a renowned Scottish confectionary, perform during the opening ceremony of the 2014 Commonwealth Games at Celtic Park in Glasgow on July 23, 2014.
news
Life and Style
Popular plonk: Lambrusco is selling strong
Food + drinkNaff Seventies corner-shop staple is this year's Aperol Spritz
News
Gardai wait for the naked man, who had gone for a skinny dip in Belfast Lough
newsTwo skinny dippers threatened with inclusion on sex offenders’ register as naturists criminalised
News
Shake down: Michelle and Barack Obama bump knuckles before an election night rally in Minnesota in 2008, the 'Washington Post' called it 'the fist bump heard round the world'
newsThe pound, a.k.a. the dap, greatly improves hygiene
Arts and Entertainment
La Roux
music
Arts and Entertainment
Graham Fellows as John Shuttleworth
comedySean O'Grady joins Graham Fellows down his local Spar
News
people
News
Ross Burden pictured in 2002
people
News
Elisabeth Murdoch: The 44-year-old said she felt a responsibility to 'stand up and be counted’'
media... says Rupert Murdoch
Arts and Entertainment
tv
Extras
indybest
Sport
Arsenal signing Calum Chambers
sportGunners complete £16m transfer of Southampton youngster
Independent
Travel Shop
the manor
Up to 70% off luxury travel
on city breaks Find out more
santorini
Up to 70% off luxury travel
on chic beach resorts Find out more
sardina foodie
Up to 70% off luxury travel
on country retreats Find out more
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

ICT Teacher

£21804 - £31868 per annum: Randstad Education Chelmsford: Are you a qualified ...

DT Design and Technology Teacher

£21804 - £31868 per annum: Randstad Education Chelmsford: We are urgently for ...

Maths Teacher

£21804 - £31868 per annum: Randstad Education Chelmsford: Are you an experienc...

Junior / Graduate Application Support Engineer

£26000 per annum: Ashdown Group: A highly successful international media organ...

Day In a Page

The children were playing in the street with toy guns. The air strikes were tragically real

The air strikes were tragically real

The children were playing in the street with toy guns
Boozy, ignorant, intolerant, but very polite – The British, as others see us

Britain as others see us

Boozy, ignorant, intolerant, but very polite
Countries that don’t survey their tigers risk losing them altogether

Countries that don’t survey their tigers risk losing them

Jonathon Porritt sounds the alarm
How did our legends really begin?

How did our legends really begin?

Applying the theory of evolution to the world's many mythologies
Watch out: Lambrusco is back on the menu

Lambrusco is back on the menu

Naff Seventies corner-shop staple is this year's Aperol Spritz
A new Russian revolution: Cracks start to appear in Putin’s Kremlin power bloc

A new Russian revolution

Cracks start to appear in Putin’s Kremlin power bloc
Eugene de Kock: Apartheid’s sadistic killer that his country cannot forgive

Apartheid’s sadistic killer that his country cannot forgive

The debate rages in South Africa over whether Eugene de Kock should ever be released from jail
Standing my ground: If sitting is bad for your health, what happens when you stay on your feet for a whole month?

Standing my ground

If sitting is bad for your health, what happens when you stay on your feet for a whole month?
Commonwealth Games 2014: Dai Greene prays for chance to rebuild after injury agony

Greene prays for chance to rebuild after injury agony

Welsh hurdler was World, European and Commonwealth champion, but then the injuries crept in
Israel-Gaza conflict: Secret report helps Israelis to hide facts

Patrick Cockburn: Secret report helps Israel to hide facts

The slickness of Israel's spokesmen is rooted in directions set down by pollster Frank Luntz
The man who dared to go on holiday

The man who dared to go on holiday

New York's mayor has taken a vacation - in a nation that has still to enforce paid leave, it caused quite a stir, reports Rupert Cornwell
Best comedians: How the professionals go about their funny business, from Sarah Millican to Marcus Brigstocke

Best comedians: How the professionals go about their funny business

For all those wanting to know how stand-ups keep standing, here are some of the best moments
The Guest List 2014: Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks

The Guest List 2014

Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks
Jokes on Hollywood: 'With comedy film audiences shrinking, it’s time to move on'

Jokes on Hollywood

With comedy film audiences shrinking, it’s time to move on