While suggesting there’s reason to be “cautiously optimistic”, the article quotes sources close to the talks as saying :
”There has been a détente,” says one insider. There is now the beginning of a discourse between Peter Jackson and New Line that’s running parallel to the litigation proceedings.
After a summary of the entire Hobbit situation as it stands till date, the article concludes on a rather emotional note that’ll make Jackson fans flock to his banner if need be:
Amazingly, after all he’s been through — eight years making Rings and several more in court fighting over it — the Shire still holds him in its spell. In fact, Jackson may turn out to be the only person who never once lost hope in the movie.
Read the news article ‘The Hobbit’: Peace in Middle-Earth? online at EW.com.