HarperCollins settles Lord of the Rings dispute

<p>HarperCollins, the Tolkien Trust and New Line Cinema have resolved a lawsuit over the &#39;Lord of the Rings&#39; films in a confidential settlement. The decision means New Line can now continue with making the film for &#39;The Hobbit&#39;, which is to be directed by Guillermo del Toro. None of the details were revealed </p><p>The publisher and UK charity, which manages J R R Tolkien&#39;s estate, brought a $150m (&pound;91m) lawsuit against the film company in February last year claiming it had not received any of the profits from the trilogy of films, released between 2001-2003. </p><p>At that time, a representative of the trust had said: &quot;I cannot imagine how on earth New Line will argue to a jury that these films could gross literally billions of dollars, and yet the creator&#39;s heirs, who are entitled to a share of gross receipts, don&#39;t get a penny.&quot; </p><p>Commenting on the settlement, Christopher Tolkien, son of the author, said: &quot;The trustees regret that legal action was necessary, but are glad that this dispute has been settled on satisfactory terms that will allow the Tolkien Trust properly to pursue its charitable objectives.&quot;</p><p> Alan Horn, president &amp; chief operating officer of New Line&#39;s parent company Warner Brothers, said: &quot;We deeply value the contributions of the Tolkien novels to the success of our films and are pleased to have put this litigation behind us. We all look forward to a mutually productive and beneficial relationship in the future.&quot;</p>