The film of The Hobbit, the BBC reports, is coming:
BBC NEWS | Entertainment | Legal path clear for Hobbit movieThey sued New Line Cinema for a reported $220m (£133m) in compensation, based on breach of contract and fraud.
The suit claimed the US company failed to pay royalties due after the success of the Lord of the Rings trilogy.
Its settlement, for an undisclosed sum, paves the way for director Guillermo del Toro's two films based on the book.
New Line plans to release The Hobbit in 2011, followed by another movie drawing from other Tolkien works. ....
Published in 1937, The Hobbit follows the treasure-seeking adventure of Bilbo Baggins who obtains the ring that was the focus for the Lord of the Rings. ....
The Tolkien Trust, a British charity which supports causes across the world, will be one of the main beneficiaries of the legal settlement. ....
"The trustees acknowledge that New Line may now proceed with its proposed films of The Hobbit."
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