I see these releases more as an “alternative” colour grading rather than a “corrected” one. I’m a fan of KK650’s FOTR, for example, and it’s preferable to the BD, but like this release, more or less replaces one tint with another. In the case of FOTR, I prefer KK650’s to the official BD (though it still has issues), but I think I prefer the colouring on the Raiders BD to this one. Though obviously neither is completely accurate to how the film should look.
I think that’s the best way to look at any regraded release. The only ‘correct’ releases are the official blu-rays, all regrades based off those blu-rays are ‘alternative’ colour grading by definition in my book.
Many may prefer these ‘alternative’ colour graded releases, but the fact remains that none of them have been supervised by the filmmakers, while the official releases have been, so the official releases are the most ‘correct’ releases we’ll ever get, if we all agree that the artist should have the final say on how their piece of art should look and what is ‘correct’.
As for Fellowship of the Ring, i’ll be releasing a nice new updated version of that release very soon 😃