Warner Bros has reached an agreement with HarperCollins, which manages the J.R.R. Tolkien’s estate over “The Hobbit” and “The Lord of the Rings” books. Based on this the lawsuit between them will be discontinued.
HarperCollins claimed that Warner Bros has been using both works outside the scope of the agreement signed in 1969. According to that document, Warner Bros can use these works for limited merchandising purposes. Warner Bros sold different video games based on both books despite the fact that the agreement doesn’t cover any electronic or digital rights.
HarperCollins sought damages up to 80 million dollars.