Warner Bros. has asserted that it still rules Middle-earth when it comes to film rights to TheLordOfTheRings
The Zaentz Co. and Warner Bros. are in the middle of a private mediation process to help settle their differences about whether the studio has met its obligations to hold on to the license, according to multiple sources close to the situation. Warner Bros.’ New Line Cinema took “LOTR” to new heights with the success of its Oscar-winning trilogy directed by Peter Jackson: “The Lord of the Rings: Fellowship of the Ring” , “The Two Towers” and “The Return of the King” .
As if to buttress that point, Warner Bros. earlier this week released key details of its plans for an anime “Lord of the Rings” movie from New Line and Warner Bros. Animation that is now dated for release on April 12, 2024. The film rights to “LOTR” are the crown jewel in Zaentz Co.’s profile and are the big lure for any deal with a rival studio or IP-focused entity. The portfolio being shopped at present also includes the receivables from Zaentz Co.’s significant share of profits from trilogy that grossed more than $1 billion worldwide in initial release.
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