![]() ![]() Jackson later said that he was happy that the deal with Harvey Weinstein fell through, calling him "a real bully" who ruled through "mafia thuggery". After Eisner's rejection, the Weinsteins reluctantly let Sir Peter Jackson shop the project to other studios. Disney's head Michael Eisner rejected his proposal, thinking that The Lord of the Rings would not translate well to film, and there was a limited audience for the fantasy genre. Harvey Weinstein made the pitch for two movies, with a projected budget of no more than $180 million. Miramax spent $14 million to develop the project, but because of the projected budget, the Weinstein brothers needed Disney's approval to go ahead.
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