Movie News site Mania.com reports that:
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”.
However, as with all others holding out for a PJ-directed ‘Hobbit’, the article too concludes with a glimmer of hope.
“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.”
Read the artile ‘New Line Agree to Pay ‘RINGS’ Fine‘ on Mania.com.