TIL The Lord of the Rings films originally would have been released by Disney via Miramax but they chose not to fund it due to costs. They let New Line Cinema have it on the condition they pay $10M in “turnaround” costs. The LOTR trilogy will later on gross over $2.9B at the global box office.

Read more: https://www.hollywoodreporter.com/amp/news/hobbit-how-harvey-weinstein-stands-410016

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  1. Here’s an excerpt from the article:

    > **After failing to persuade Miramax’s parent, The Walt Disney Co., to fund a two-picture version, they agreed to let Jackson set it up at New Line — on the condition that New Line pay them $10 million in “turnaround” costs and a slice of the backend.** As part of the deal, Miramax and the Weinsteins also were granted 5 percent of first-dollar gross from any future Hobbit film, with the company and the brothers dividing that 5 percent. Miramax’s new owners, a consortium of investors led by Colony Capital, also will benefit with roughly 2.5 percent of Hobbit’s profits.

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