Weinsteins sue Warner Bros. over 'Hobbit' profits

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by Associated Press

Associated Press

Posted on December 11, 2013 at 4:07 PM

Updated Wednesday, Dec 11 at 6:04 PM

NEW YORK (AP) — Harvey and Bob Weinstein have sued Warner Bros.' New Line Cinema claiming they're owned a share of the profits from the second and third "Hobbit" films.

In a suit filed Wednesday in New York, the Weinsteins say their 1998 sale of the rights to J.R.R. Tolkien's "The Hobbit" and "The Lord of the Rings" trilogy to New Line applies to all subsequent "Hobbit" films. Warner Bros. elected to split "The Hobbit" into three films, the second of which opens in theaters Friday.

Warner Bros. responded with a statement calling Weinstein's sale of "The Hobbit" rights "one of the great blunders in movie history." The studio says the Weinsteins and Miramax agreed to be paid only for the first film based on "The Hobbit," and it says "that's all they're owed."

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