Weinstein brothers sue Time Warner over Hobbit films
NEW YORK (REUTERS) - Movie producers Bob and Harvey Weinstein have sued Time Warner Inc for at least US$75 million (S$94 million) over its decision to divide the screen adaptation of J.R.R. Tolkien's book The Hobbit into three parts, and refusing to pay them for the second and third films.
In a complaint filed on Tuesday in New York State Supreme Court in Manhattan, the Weinstein brothers and Miramax LLC said executives at Warner Brothers and its New Line Cinema unit chose to split The Hobbit as a pretext to deprive them of 5 per cent of the gross receipts from the last two films.
The Weinsteins said they had in 1998 sold New Line the movie rights to The Hobbit and Tolkien's trilogy The Lord Of The Rings, after having spent more than US$10 million to adapt them.
They said New Line had agreed to make payments for the "first motion picture," but not "remakes," based on the books.