Alan Horn, the President of WB Studios, crushed dreams the other day by announcing in a Variety article that Part 1 of The Hobbit most likely won’t be released until late 2012, a full year later than expected:
Once the script for the second film is in — Jackson and his longtime collaborators Fran Walsh and Philippa Boyens are working on it with Del Toro — New Line will work up a budget for both films and start casting. New Line exec Michael Disco, who was once Emmerich’s assistant, will oversee for the studio.
Horn won’t predict when the first of the two "Hobbit" films will be out, but says the most probable scenario would be a release in the fourth quarter of 2012.
In my mind, the most important thing to take from the above quotes is that a man named Michael DISCO is overseeing for the studio. I refuse to accept that as a surname unless you’re a C-list porn star. Either this is going to be the grooooviest adaptation of a J.R.R. Tolkien novel ever, or Bilbo’s going to pull of a money shot that will make Peter North blush.