I did read both when they came out (in paperback anyway). But I know what you mean. Friends who had not read The Lord of the Rings but saw the films can be excused for thinking the story was "derivative".
I find it's easier to get in a time period with visuals compared to a book, but it is a forgivable thing for later generations to 'not get' either way. I certainly don't know all the musicians who influenced the musicians that influenced me.