Showing closest match for real estate agent fees explained score 85: Tolkien Estate
Tolkien Estate
The Tolkien Estate is the legal body which manages the property of the English writer J. R. R. Tolkien, including the copyright for most of his works. The individual copyrights have for the most part been assigned by the estate to subsidiary entities such as the J. R. R. Tolkien Discretionary Settlement and the Tolkien charitable trust. The various holdings of the Tolkien family, including the estate, have been organized under The Tolkien Company, the directors of which were Christopher Tolkien until August 2017 and his wife Baillie Tolkien, and J. R. R. Tolkien's grandson Michael George Tolkien. The executors of the estate were Christopher Tolkien (died 16 January 2020), who was sole literary executor, and (succeeding J.R.R. Tolkien's lawyer Frank Williamson) Cathleen Blackburn of Maier Blackburn, who has been the estate's solicitor for many years. Rights to The Hobbit and The Lord of the Rings Exclusive worldwide rights to motion picture, merchandising, stage and other rights in certain literary works of J. R. R. Tolkien including The Hobbit and The Lord of the Rings were sold by Tolkien himself to United Artists in 1969, reportedly for a very small amount, and are currently owned by Middle-earth Enterprises (formerly Tolkien Enterprises), inc., a company controlled by Saul Zaentz until his death in 2014. Legal issues Film royalties In February 2008, the Tolkien Trust sued New Line Cinema, the studio behind the Lord of the Rings trilogy, for £75 million claiming they had not received "even one penny" from the films. A request for punitive damages was denied in September 2008. The case was resolved out of court on 8 September 2009 with the terms not made public. In a press release, Christopher Tolkien stated, "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. The Trustees acknowledge that New Line may now proceed with its proposed films of The Hobbit."