I lifted this directly off the LOTR Wiki, so I didn't have to go transcribe the DVD Extra:
Peter Jackson first encountered The Lord of the Rings via Bakshi's
film, and some shots in his live-action trilogy appear to have
been influenced by it:
One such shot features Frodo and the other
hobbits hiding from a Black Rider under a big tree root, ...
Whilst I know Peter Jackson's interest in LOTR did come partially from him watching Ralph Bakshi, I found this interview with Bakshi and thought it might help:
And of course it could be really ironic if someone said something like, "In the spirit of Lord of the Rings" considering you did the first one.
I'll send it to them! Are you kidding? I'm not ...