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Good deal...Watch, it's going to come out that they owe him like a hundred million or so and for those of you that think he is greedy for doing this, being owed 1 dollar or a million is still being owed money, no matter how you put it...
Just two months ago, the media received word that New Line was softening its position against Peter Jackson in hopes of a possible HOBBIT movie somewhere in the near future. The hostility went from the studio head Robert Shaye saying "So the answer is he will never make any movie with New Line Cinema again while I'm still working for the company." (via SciFi.com) to "Notwithstanding our personal quarrels, I really respect and admire Peter and would love for him to be creatively involved in some way in The Hobbit.” (via LA Times)
Whether the two sides have even talked to one another since then, it appears that New Line is accepting a fine handed to them from a Federal Judge for the failures of handing over documents as requested, something Peter Jackson has said from the beginning causing the court case. The $125,000 fine could have been contested or sought a review which would have taken more time in this ongoing court battle. Instead, they're accepting the decision.
New Line's attorney Robert Schwartz wrote, "Mindful that the court's resources are valuable and limited, New Line will neither oppose that award nor seek review" of the order.
The trial which begins in January stems from Jackson's claims that New Line has not properly accounted for income for the first "Lord of the Rings" film, including DVD sales and foreign receipts, and denied his repeated requests to audit "The Two Towers" and "The Return of the King". Peter Jackson will be wrapping his latest film Lovely Bones around the time the case takes place leaving his future clear for a possible HOBBIT if an agreement is reached between opposing sides or the court decides it for them.
