New Line founder Bob Shaye shows no signs of yielding in the company’s legal squabble with Peter Jackson over profits from “The Lord of the Rings.” In a conversation at AmPav on Tuesday with Variety editor-in-chief Peter Bart, Shaye said the company had already paid Jackson and his wife, Fran Walsh, $250 million in profit participation. The clash happened because “one of us has gotten poor counsel,” Shaye said, without elaborating. Co-chief Michael Lynne struck a more upbeat note. “We do want to settle our dispute and I think we will.” A “Hobbit” pic is still in the plans, both execs were coy about reports that Sam Raimi is being lined up to direct. “There’s never been any announcement,” Lynne said. “Like a lot of people, he might,” Shaye added. [More]

Share This

This story is posted in the following categories: Director Rumors, Hobbit: Movie, Old Main News, PJ & New Line, Peter Jackson, The Hobbit . Please click on a category name to view all stories related to it.

You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.