A little while back, Peter Jackson asked New Line Cinema to open their Lord of the Rings accounting books, to investigate some strange financial things. The head of the studio Bob Shaye refused, so Jackson filed a lawsuit to have the books opened to see if profits were hidden, after the studio refused to do so.
Shaye, whose New Line, by the way, is owned by Time Warner, then went on a public tirade against the man who made more money for Shaye’s company than Freddy Krueger.
When that happened, Jackson wished everyone the best on The Hobbit film and potential second Lord of the Rings prequel.
So when Jackson started shopping his The Lovely Bones project around, New Line was left out of the bidding. Bets were abound that Shaye would be fired from the company he founded.
Now, word has hit that New Line may be finally trying to make amends with Jackson as The Hobbit starts to get off the ground.
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