Warner Bros. flexes Lord of the Rings muscle amid conflict over film rights
… Representatives for Zaentz Co. have quietly held pitch meetings in recent weeks to sell the portfolio of Tolkien rights that producer Saul Zaentz acquired in the late 1960s and ’70s. It’s no secret that Warner Bros. and Zaentz Co. have had acquisition discussions over the last decade or so but they’ve never gotten close to a deal.
The Zaentz Co. holdings encompass rights to exploit LotR and The Hobbit properties in movies, video games, merchandising, live events and theme parks. It also includes limited matching rights should the Tolkien estate decide to make movies or other content based on two compilations of Tolkien writings that were published after his death in 1973: The Silmarillion and The Unfinished Tales of Numenor and Middle-Earth.…
Warner Bros. has had a long-term license on LotR and The Hobbit since the late 1990s. The studio is said to be adamant that it has continuously met requirements to hold on to its rights by maintaining active development on the property, exercising options in a timely manner and making periodic payments to Zaentz Co.
As if to buttress that point, Warner Bros. earlier this week…
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