Entertainment rag Variety is reporting that The Saul Zaentz Company is set to sell all of its Tolkien IP.
The company holds, according to its site, “exclusive worldwide rights to motion picture, merchandising, stage and other rights in certain literary works of J.R.R. Tolkien including The Lord of the Rings and The Hobbit.”
It originally acquired the rights in 1976 in an arrangement with United Artists. It subsequently licensed rights to filmmaker Ralph Bakshi for an animated film (released in 1978) and for director Peter Jackson to produce live-action trilogies of The Lord of the Rings and The Hobbit.
Variety states that the sale could be worth at least US $2 billion, “based on recent high valuations for top-tier IP and content producers”. ACF Investment Bank is currently shopping a deal around with a number of prospective buyers.
Read more about the news over on Variety.
