Saul Zaentz is suing New Line Cinema claiming that the studio has reneged on a deal calling for him to be paid a percentage of the adjusted gross profits of the three Lord of the Rings films, Daily Variety reported today. Zaentz, who bought the rights to the Tolkien novels in 1976, claims that he has been paid a percentage of the film’s net receipts instead — and that he is currently owed $20 million.
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Yeah, I read that. Seems to me that Zaentz needs to sue whoever got him such a rotten deal in the first place. My guess is that he undervalued the property and now wants a bigger slice of the pie, else why would you wait until three sequels have hit the theaters before you say anything?
Zaentz, I presume, cut the deal himself, as he’s no novice to contracts that screw people over…
(And you say I never respond to your replies.)