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Last Updated: Wednesday September 09 2009 12:13 GMT

Legal row over Hobbit film ends

Dominic Monaghan in Lord of the Rings

A movie of the Hobbit, the prequel to The Lord of the Rings, is set to go ahead, after a legal row which could have stopped it was settled.

The book was written by JRR Tolkien. He died in 1973, and the people in charge of his estate were arguing with the people who made the Rings films.

They said they hadn't been been given the money they were owed after those movies made so much cash.

But the row's been sorted, so two films based on the Hobbit are now on the way.

Three films of The Lord of the Rings came out between 2001 and 2003. They made about £3.26bn and won 16 Oscars.

The people in charge of Tolkien's estate said they were owed 7.5% of all profit made by the films.

Guillermo del Toro
Guillermo del Toro is directing the films of The Hobbit.

It's not known how much cash they have been awarded.

The Hobbit is the story of Bilbo Baggins, and tells how he found a very important magic ring.

Two films based on the book and other Tolkien stories are set to come out from 2011, directed by Guillermo del Toro.