Let’s be clear, there is no love lost between the Estate of J. R. R. Tolkien and the movie making empire that created the three LOTR films and, more recently, The Hobbit. For one, they are at legal nail, tooth, and tongs. More to the point of this post, though, the Estate considers the movies to be trash and a great betrayal of the written work, the artistry, epic, and meaning they are supposed to represent in a different medium.
You can read the interview with Christopher Tolkien in which he makes these points — and it is worth a close study, I think. Here is the highlight I think especially important:
Invited to meet Peter Jackson, the Tolkien family preferred not to. Why? “They eviscerated the book by making it an action movie for young people aged 15 to 25,” Christopher says regretfully. “And it seems that The Hobbit will be the same kind of film.”
This divorce has been systematically driven by the logic of Hollywood. “Tolkien has become a monster, devoured by his own popularity and absorbed into the absurdity of our time,” Christopher Tolkien observes sadly. “The chasm between the beauty and seriousness of the work, and what it has become, has overwhelmed me. The commercialization has reduced the aesthetic and philosophical impact of the creation to nothing. There is only one solution for me: to turn my head away.”
Three quick notes:

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