Word: studioful
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...Line's tough last couple of years at the box office has also magnified the studio's need for a sure hit like The Hobbit. Shaye and Lynne's latest attempt to recreate the box office magic of Rings, the fantasy adaptation The Golden Compass, underperformed, with $25 million at the box office its opening weekend...
Jackson, who directed the Rings trilogy and inherited creative stewardship of Tolkien's massive fan base, will serve as executive producer for The Hobbit with his wife, Fran Walsh. A director and screenwriter will be chosen in the New Year, when Jackson and Walsh meet with the studio heads. MGM, which owns the distribution rights to The Hobbit, will co-finance and co-distribute...
...reconciliation between Jackson and New Line was set in motion when Bob Shaye and Michael Lynne, co-chairman and co-CEOs of the studio, approached Jackson's agent at the Cannes Film Festival in May. "We said, 'Let's get past the acrimony that's been created by each of us and the rest of our clans,'" says Shaye. "Let's talk about something productive and creative...
After the resounding critical and commercial success of Rings, relations between Jackson and New Line should have been rosy - studio and director each deserved credit for the other's good fortune. But the partnership soured over disputes about New Line's accounting for that fortune. In 2005, Jackson sued, claiming that New Line committed fraud in its handling of the revenues generated by 2001's The Fellowship of the Ring, underpaying him by millions. As Jackson and New Line's lawyers and accountants tangled over paper, the director and Shaye engaged in a bitter battle...
...November, when Shaye told Jackson he was looking for other directors for The Hobbit, Jackson posted on the fan site The OneRing.Net, "[We were told] that New Line would no longer be requiring our services on The Hobbit. This was a courtesy call to let us know that the studio was now actively looking to hire another filmmaker." In December Harry Sloan, chairman and CEO of MGM, invited Jackson and Walsh over for dinner and heard Jackson's vision for The Hobbit. Yet Shaye was still bitter, telling the Sci Fi Wire website in January, "I don't care about...