Studio Briefing reported today that Saul Zaentz is guaranteeing that Peter Jackson will make the film, if only because the rights revert to Zaentz next year and Zaentz is personally guaranteeing that Jackson can make the movie however he wants to make it, but when you check
the website quoted by Studio Briefing, you discover that Zaentz said this at least a week ago -- well BEFORE Jackson said he was dropping the project.
I find this intriguing because, when Jackson wrote
that letter explaining why he was dropping the project, he basically said that New Line was "committed" to making the film within a year, with or without him, because "New Line has a limited time option on the film rights they have obtained from Saul Zaentz (this has never been conveyed to us before)".
So it looks like Jackson wrote his letter AFTER Zaentz had publicly signalled that Jackson didn't NEED New Line Cinema in order to make this movie -- and both he and Zaentz could be gambling that New Line will be unable to make the movie WITHOUT them in the next twelve months. (I mean, sure, New Line could give the greenlight to a film version of
The Hobbit, but would any of the
LotR actors want to come back if Jackson was not on board? And who owns the digital code for Gollum, etc. -- Wingnut/Weta, or New Line? And how marketable would a
Hobbit movie be WITHOUT any of those cast or crew members?)
(Or, hmmm, is it possible that New Line might make its own
Hobbit movie next year, and then Zaentz and Jackson will go ahead and make ANOTHER one right away? Y'know, kind of like what Marvel is doing with that new film version of
The Incredible Hulk?)