Andrew Porter follows the story about the Tolkien estate suing New Line Cinema with this link to a New York Times article about all the other legal pirhana trying to take a bite out of Lord of the Rings movie profits.
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It does appear that JRRT’s original sale of the rights (rather than an option) included a 7.5% of gross proceeds on top of the initial sale price– 7.5% off the top is a really big number… wow…