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New Line’s Shaye won’t yield to Jackson

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]

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

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