Deals
Miramax, Weinsteins Sue Time Warner Over ‘The Hobbit’ Share
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Miramax LLC and its founders, Harvey and Bob Weinstein, sued Time Warner Inc. for $75 million over claims they were deprived of their share of revenue from the movie adaption of J.R.R. Tolkien’s book “The Hobbit” after it was split into three different films.
Time Warner units New Line Cinema Corp. and Warner Bros. Entertainment Inc. are accused in the lawsuit, filed yesterday in New York State Supreme Court in Manhattan, of using their decision to split the screen adaptation of the book into three films to keep revenue due Miramax and the Weinsteins.