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The Lawsuit of the Rings
securitas writes "The New York Times' Ross Johnson reports that Lord of the Rings trilogy director, Peter Jackson, is suing New Line Cinemas for underpaying him by as much as $100 millon. The lawsuit filed Feb. 28 alleges that New Line committed fraud. Jackson 'reportedly receives about 20 percent of the gross revenue realized by New Line for the trilogy, minus expenses such as taxes.' Jackson's lawyer confirmed that of the more than $4 billion that New Line collected from revenues, merchandise and licensing, Jackson has received 'almost $200 million to date from New Line for the trilogy.' If the opening line doesn't make you want to read the article, I don't know what will: 'What if Frodo Baggins, instead of confronting the evil empire in "The Lord of the Rings," just got himself a lawyer and sued?'"
I guess this doesn't look good for PJ to make The Hobbit with New Line.
If it's in his contract he's entitled to it, period.
I RTFA and it is a little weak on detail, but it appears that PJ got what he was entitled to.
The article seems to be saying that New Line sold off merchandising rights to companies within the Time Warner family rather than sell to the highest bidder.
The suit contends that NL would have made more money, and therefore PJ would have recieved a higher cut, if the merchandising rights were sold on the open market.
For everyone who posted that a contract is a contract, it would seem that if NL never promised to sell to the highest bidder, then NL met all the terms of the contract and PJ got what he deserved.
How many folks out there would appreciate their employers under-paying them because "they had already been paid enough", or some such non-sense?
I wonder if I could sue our sales department for not generating enough revenue?