Forget the Battle of Five Armies, another epic Lord of the Rings showdown has finally come to an end.
After a five-year legal battle, JRR Tolkien's estate has settled its $100 million lawsuit against Warner Bros.
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The late author's estate initiated legal proceedings in 2012, accusing Warner Bros' subsidiary New Line Cinema of inappropriately using The Hobbit and The Lord of the Rings to sell gambling-related merchandise and online games.
Lawyers for the late literary giant claimed the merchandise breached a 1969 agreement and associated the author's books with "morally-questionable" products.
Warner Bros then filed a counterclaim, arguing its Hobbit spinoff had lost out on millions of dollars thanks to fewer licensing deals and, subsequently, exposure.
But the dispute came to an end on Monday after both parties decided to settle the matter and pay their own legal fees. The specific terms of the settlement were not disclosed.
Warner Bros spokesman Paul McGuire said in a statement the production company looks forward to working with Tolkien's estate in the future.
"The parties are pleased that they have amicably resolved this matter," he said.
Tolkien died in 1973 at the age of 81. In 2001, Peter Jackson released his first big screen adaption of the The Lord of the Rings books.
The Fellowship of the Ring and its sequels (The Two Towers in 2002 and The Return of the King in 2003) have been massive box office hits.
The franchise has grossed more than $3.5 billion worldwide to date and triggered numerous legal spats along the way.
- with Reuters