Peter Jackson Officially Directing The Crap Out Of 'The Hobbit'
Peter Jackson has finalized his deal to return to the Shire. The Lord Of The Rings helmer is locked and loaded and ready to direct the living crap out of The Hobbit. New Line Cinema and MGM managed to come to a deal. My bet is the cash-strapped MGM will have to do New Line's laundry for an entire year. Either that or something having to do with percentage points.
However, this wouldn't be The Hobbit if there weren't concerns over additional delays. The project has overcome bankruptcy and a fire, but is now only curtailed by a union dispute in New Zealand. If this cannot be resolved for the planned February start date, the production will have to move elsewhere. Which will cause more delays and drive up the already high budget. Which means MGM will be folding undies for a long time to come. (NY Times)