Well this is definitely some great news! It turns out that New Line Cinema has been quietly in discussions with Lord of the Rings director Peter Jackson to patch up disagreements and possibly get the director back in the saddle to direct the studio’s planned ‘Hobbit’ film.
The news is courtesy the LA Times:
Eager to move ahead with “The Hobbit,” New Line has quietly been trying to mend fences with “Rings” filmmaker Peter Jackson, who has sued the company over his share of profits from the first “Rings” films. When asked if it was true that company insiders had been in talks with Jackson’s reps, Shaye replied, “Yes, that’s a fair statement. 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.’ “
Source: LA Times