You will be redirected back to your article in seconds

Zaentz, New Line in court

'Rings' brings more rancor

New Line and Saul Zaentz are back in court again fighting over Zaentz’s share of profits from the spectacularly successful “Lord of the Rings” trilogy.

In a suit filed Thursday in L.A. Superior Court, Zaentz alleges that New Line has refused to make records available to Zaentz’s auditors and allow them to conduct an audit, making it impossible to verify whether his profit participation statements are accurate.

The complaint also notes that New Line and Zaentz are currently involved in arbitration. The nature of the arbitration is not specified, but the complaint alleges that New Line is attempting to leverage a settlement of some claims being arbitrated by refusing to perform its audit obligation until Zaentz agrees to resolve other claims in the arbitration.

The suit seeks unspecified money damages, as well as an accounting.

Zaentz first sued New Line in 2004, claiming he was owed $20 million under the license agreement, based on how gross receipts from foreign distributors were calculated. That suit settled the following year for an unspecified amount, but not before it was revealed in court papers that the octogenarian mogul already had collected $168 million from the three movies.

Zaentz purchased the rights to the “Lord of the Rings” novels, as well as “The Hobbit,” in 1976 from United Artists. In 1997, Zaentz entered into a license agreement with Miramax to produce and distribute a “Rings” trilogy. Under the agreement, Zaentz would receive gross profit participation and the right to audit Miramax’s books. Miramax assigned its rights under the agreement to New Line in 1998, and the terms of the license agreement with Zaentz remained the same.

In addition to the suits with Zaentz and a host of much smaller lawsuits, New Line also has been battling with director Peter Jackson over profit participation on the trilogy since he filed a lawsuit in 2005.

More Film

  • TODD FISHER Bright Lights Producer

    Todd Fisher Opens Up About Deaths of Carrie Fisher and Debbie Reynolds

    New Line and Saul Zaentz are back in court again fighting over Zaentz’s share of profits from the spectacularly successful “Lord of the Rings” trilogy. In a suit filed Thursday in L.A. Superior Court, Zaentz alleges that New Line has refused to make records available to Zaentz’s auditors and allow them to conduct an audit, […]

  • Disney Pixar Bob Iger John Lasseter

    Is the Era of the Superstar Media Executive Over?

    New Line and Saul Zaentz are back in court again fighting over Zaentz’s share of profits from the spectacularly successful “Lord of the Rings” trilogy. In a suit filed Thursday in L.A. Superior Court, Zaentz alleges that New Line has refused to make records available to Zaentz’s auditors and allow them to conduct an audit, […]

  • Heather GrahamWomen in Film Pre-Oscar Cocktail

    Heather Graham, Jodi Balfour to Star in Drama 'The Rest of Us'

    New Line and Saul Zaentz are back in court again fighting over Zaentz’s share of profits from the spectacularly successful “Lord of the Rings” trilogy. In a suit filed Thursday in L.A. Superior Court, Zaentz alleges that New Line has refused to make records available to Zaentz’s auditors and allow them to conduct an audit, […]

  • PRACTICE MAKES PERFECT - In the

    How 'Incredibles' Became Animation's Hottest Franchise

    New Line and Saul Zaentz are back in court again fighting over Zaentz’s share of profits from the spectacularly successful “Lord of the Rings” trilogy. In a suit filed Thursday in L.A. Superior Court, Zaentz alleges that New Line has refused to make records available to Zaentz’s auditors and allow them to conduct an audit, […]

  • Jurassic World Fallen Kingdom - Kelloggs

    'Jurassic World: Fallen Kingdom' Video Now Playing on Kellogg's Boxes

    New Line and Saul Zaentz are back in court again fighting over Zaentz’s share of profits from the spectacularly successful “Lord of the Rings” trilogy. In a suit filed Thursday in L.A. Superior Court, Zaentz alleges that New Line has refused to make records available to Zaentz’s auditors and allow them to conduct an audit, […]

  • Korea Box Office: 'Accidental Detective 2'

    Korea Box Office: 'Accidental Detective 2' Holds off 'Oceans 8'

    New Line and Saul Zaentz are back in court again fighting over Zaentz’s share of profits from the spectacularly successful “Lord of the Rings” trilogy. In a suit filed Thursday in L.A. Superior Court, Zaentz alleges that New Line has refused to make records available to Zaentz’s auditors and allow them to conduct an audit, […]

  • Young U.K. Entrepreneur Launches $4 Million

    U.K. Entrepreneur Launches ARC LDN Fund

    New Line and Saul Zaentz are back in court again fighting over Zaentz’s share of profits from the spectacularly successful “Lord of the Rings” trilogy. In a suit filed Thursday in L.A. Superior Court, Zaentz alleges that New Line has refused to make records available to Zaentz’s auditors and allow them to conduct an audit, […]

More From Our Brands

Access exclusive content