Mel Gibson was right!!

Peter really busted his ass making those films, so may Peter win over the evil greedy ones. Hopefully new line will lose the rights before they start production on the Hobbit, the contracts are about to expire so that is the only way Peter will be able to make the film.
 
For someone to do this to the guy who made Meet the Feebles, Dead Alive, Bad Taste, The Frightners, and those 3 movies about walking..is disgraceful.

Peter Jackson is an all time great in the Horror movie genre. Those bastards. He should make Dead Alive with a budget..but I dont think he can top his original on budget effects.