The Hollywood Reporter fills us in on a little bad blood between filmmaker Peter Jackson and his "Lord of the Rings" studio, New Line Cinema. Seems that not all the accounting ledgers match up when you look closely at the the first chapter’s profit margin. The suit also claims that New Line gave some of its affiliates "favorable" treatment in relation to certain licensing contracts. Check out THR for the full scoop … and try not to think about how this lawsuit with affect the possibility of a "Hobbit" movie happening any time soon.
