The Lord of the Rings producer, Saul Zaentz is suing New Line for his share of the proceeds from the trilogies worldwide take of $3 Billion. Ok. The timing is interesting on this one. Why did he wait until now (or rather this past Thursday) to file? Peter Jackson also has a pending case against New Line filed in 2005. Could it be that New Line and Peter Jackson are nearing an agreement that does not include Zaentz? Rhetorical question as I believe they are.
Could it be that Zaentz was counting on Jackson forcing New Line's hand in court to reveal all audit documents to come up with what money was owed to both parties? One of my sources has indicated that Peter Jackson and New Line have a new agreement in principal that forgives past transgressions in favor of a better deal for "The Hobbit".
I have said all along that Jackson will be the director of "The Hobbit". I stand by that statement. It'll be interesting to see what happens here in the short term. Quite the soap opera we've got going here.
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