Miramax Sues Warner For Profits From 'Hobbit' Sequels

Law360, New York (December 11, 2013, 6:45 PM EST) -- Miramax LLC and the Weinstein brothers lodged a $75 million lawsuit Tuesday in New York state court over their rights in the upcoming “The Hobbit” sequels, accusing Warner Bros. Entertainment Inc. and subsidiary New Line Cinema Corp. of squeezing them out of profits.

Miramax, which owned the rights to all of J.R.R. Tolkien's books before selling them to New Line in 1998, got a cut from each movie in the original “Lord of the Rings” trilogy and from last year's “The Hobbit: An Unexpected Journey.”...
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