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GaladrielTX
Tol Eressea
Sep 9 2009, 6:17pm
Views: 886
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That interpretation sounds a little over-emotional.
[In reply to]
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Can't Post
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It’s business! :D A) What other value can Tolkien’s work have to a film studio other than as material for a film? The studio is in the business of making movies. They don’t read the books with the aim of enlightenment, entertaining themselves, or any other non-material enrichment. B) This transaction doesn’t hurt Warner’s profit at all, I imagine. During the due diligence process in which Warner Bros. considered whether or not to buy New Line, Warner Bros. absolutely knew about this lawsuit. New Line would have to divulge it to them. Furthermore, it’s out on the public record. Warner Bros. also knew they would have to settle almost right away (not years from now), in order to produce The Hobbit. There’s no doubt Warner Bros. took all this into account when making their offer to New Line. They would have looked at the likelihood of the TE’s success in winning the lawsuit and estimated the settlement amount and adjusted their offer price for New Line accordingly. I’m sure they recognized the potential liability when booking the purchase of the company. As a result, the payment will not affect their profits at all. They’ll simply charge the payment to the liability. Of course they would have liked to have won the lawsuit or settled for less so they could then reclass the liability as income. Still, the only possible outcomes for Warner Bros. were either no effect to their profit if they lost or a gain if they won the trial or did better than they expected with the settlement. In the final analysis, this is just business. The people who incurred the expense were New Line’s owners when they sold the business months ago (or possibly years ago if they recognized the liability then). To characterize the Warner Bros. COO’s statement as a matter of pride, “snarky”, “resentful”, or “tee’d off” or to say the studio wants to take revenge on The Hobbit production blows the whole thing out of proportion. Okay, Guillermo, let’s get crackin’ on this movie!
~~~~~~~~ The TORNsib formerly known as Galadriel.
(This post was edited by GaladrielTX on Sep 9 2009, 6:20pm)
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User
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Time
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Tolkien Trust, New Line & HarperCollins Settle LOTR Lawsuit
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Oden
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Sep 8 2009, 6:58pm
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Finally!
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Ataahua
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Sep 8 2009, 7:27pm
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You didn't believe VTF last week? {NT}
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MrCere
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Sep 9 2009, 1:18am
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It wasn't confirmed last week.
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Ataahua
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Sep 9 2009, 1:34am
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More from Nikki Finke
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Sunflower
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Sep 9 2009, 4:52am
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*grin*
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Peredhil lover
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Sep 9 2009, 5:27am
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Great!
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Compa_Mighty
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Sep 10 2009, 1:17pm
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And Now
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Kangi Ska
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Sep 8 2009, 7:40pm
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Glad to see this over and done with!
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Ainu Laire
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Sep 8 2009, 7:43pm
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A rather odd quote from Warner Bros.
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mwirkk
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Sep 8 2009, 8:10pm
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It does come across as
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Silverlode
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Sep 9 2009, 12:18am
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Comes across as more than a bit miffed.
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Sunflower
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Sep 9 2009, 4:22am
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That interpretation sounds a little over-emotional.
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GaladrielTX
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Sep 9 2009, 6:17pm
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"It's business, not personal"
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Sunflower
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Sep 10 2009, 12:08am
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As in --
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hamlet
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Sep 15 2009, 4:37pm
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Oh! Never knew about that Easter Egg!... Thank you!!! :-D //
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mae govannen
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Oct 16 2009, 6:37am
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"Contributions"
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Elizabeth
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Sep 9 2009, 7:12am
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Of course...
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Sunflower
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Sep 9 2009, 7:20am
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You're right, Elizabeth, and I thank you...
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Patty
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Sep 9 2009, 3:42pm
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I agree with your observations, Elizabeth.
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TolkienJackson
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Sep 9 2009, 4:13pm
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Not my intent
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mwirkk
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Sep 9 2009, 10:13pm
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than all we have to do is enjoy this exciting time on TORn!
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Mithrandír
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Sep 8 2009, 9:25pm
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Woohoo!
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Eledhwen
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Sep 8 2009, 9:54pm
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Excellent.
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Buchanicus
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Sep 8 2009, 10:06pm
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Yes! Hurrah! /
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Kimi
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Sep 9 2009, 12:06am
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Fantastic News!
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stormcrow20
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Sep 9 2009, 5:48am
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I wonder...
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Sunflower
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Sep 9 2009, 7:10am
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Yes, that's a lot of money!
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Kristin Thompson
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Sep 9 2009, 4:19pm
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Thanks!
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Sunflower
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Sep 10 2009, 12:13am
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Glad to post
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Oden
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Sep 9 2009, 6:05pm
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This
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SirDennisC
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Sep 9 2009, 8:46pm
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Right you are...
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Oden
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Sep 9 2009, 11:28pm
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I hesitated
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SirDennisC
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Sep 10 2009, 1:28am
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It's good that the official announcement of the finalization of the settlement got it's own thread
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Voronwë_the_Faithful
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Sep 10 2009, 5:24am
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"We deeply value the contributions of the Tolkien novels to the success of our films..."
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Earl
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Sep 9 2009, 7:47am
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Hm...
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Sunflower
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Sep 9 2009, 8:53am
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The real reason the Estate won
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sharku
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Sep 9 2009, 9:10am
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Great news indeed!
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dernwyn
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Sep 9 2009, 10:25am
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Maybe now that this obstacle is removed ...
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BlueMan
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Sep 9 2009, 2:12pm
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Yessss...
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Bexlin
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Sep 10 2009, 12:25pm
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We are all winners in this situation ...
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Elven
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Sep 9 2009, 2:17pm
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I'm sure that part of the settlement is a process to guarantee that the same thing won't happen again
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Voronwë_the_Faithful
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Sep 9 2009, 3:57pm
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I think I was refering back to this ...
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Elven
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Sep 12 2009, 10:37am
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