Source:The Tolkien Trust September 8, 2009

The Tolkien Trust (a UK registered charity), New Line Cinema, and HarperCollins Publishers Ltd. have resolved the lawsuit relating to the "Lord of the Rings" films.

The claim was filed in February of last year. HarperCollins Publishers Ltd. and the trustees of the JRR Tolkien Estate were co-plaintiffs in the claim, which concerned plaintiffs' participation interest in the "Lord of the Rings" films released between 2001 and 2003. The precise terms of the settlement are confidential.

Commenting on the settlement, Christopher Tolkien said: "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. The Trustees acknowledge that New Line may now proceed with its proposed films of 'The Hobbit.'"

Warner Bros.' President & Chief Operating Officer Alan Horn said: "We deeply value the contributions of the Tolkien novels to the success of our films and are pleased to have put this litigation behind us. We all look forward to a mutually productive and beneficial relationship in the future."

The "Lord of the Rings" films produced by New Line are among the most successful films ever created and were released in 2001, 2002 and 2003, respectively.

JRR Tolkien is the world-renowned author of works including "The Lord of the Rings" and "The Hobbit." The Tolkien Trust is a UK registered charity that has made grants to charitable causes all over the world totaling over $8 million in the last five years alone.

New Line became a unit of Warner Bros. Entertainment in March 2008

Thanks for the press release, brado1! Of course, I knew of this since Sep. 1, when theonering.net posted their spy report. http://www.theonering.net/torwp/2009/09 ... e-is-safe/
It's good to know that they've announced something!
Btw: I'm moving this topic to the "Breaking News" forum.

Yeeeeeeehah!!! WoooHoooo!!!! Hip Hip Hooray, and Three Cheers for finally resolving this thorny issue . Now we don't have to worry that PJ and DT will have to resort to rewriting Tolkien to fill in any gaps.

GB

I was very excited to hear this. it seemed to me the movie was crawling along - maybe now it will proceed as they had originally estimated.

I wouldn't expect a sudden surge in visible progress. They still have to finish the script (or at least get it approved), get the official "green light", finish casting, etc. From the hints we've gotten these are underway, but they have to be finished before production can start. That's not to minimize the significance of this though.

I'm hopeful that the start of filming date of March 2010 will work out so we can start finding out more.