NEW YORK - Peter Jackson and New Line Cinema have reached agreement to make J.R.R. Tolkien's "The Hobbit," a planned prequel to the blockbuster trilogy "The Lord of the Rings."
Jackson, who directed the "Rings" trilogy, will serve as executive producer for "The Hobbit." A director for the prequel films has yet to be named.
Relations between Jackson and New Line had soured after "Rings," despite a collective worldwide box office gross of nearly $3 billion — an enormous success. The two sides nevertheless were able to reconcile, with Metro-Goldwyn-Mayer Studios (MGM) splitting "The Hobbit" 50/50, spokemen for both studios said Tuesday.
"I'm very pleased that we've been able to put our differences behind us, so that we may begin a new chapter with our old friends at New Line," Jackson said in a statement. "We are delighted to continue our journey through Middle Earth."
Two "Hobbit" films are scheduled to be shot simultaneously, similar to how the three "Lord of the Rings" films were made. Production is set to begin in 2009 with a released planned for 2010, with the sequel scheduled for a 2011 release.
New Line Cinema is owned by Time Warner. Sony and Comcast are among the owners of MGM.
I liked the movies a lot and read the books when I was a kid. I had forgotten almost everything because I read them when i was between 6-10 years old. So these movies are like a refresher and very enjoyable. Very nice not remembering sometimes. I'm excited for this. Thanks for the news Knapp!
treat24
Hall of Fame Hero
Posts: 18188
(Past Year: 2)
Joined: 6 Oct 2003
Yards this season: 3
Home Cafe: Football
Location: I'm drinking 'til I forget the 1999 NFC Championship game.
what i really want to see is a Stephen King Dark Tower series, but unless they get a LOTR style budget (which based on Kings past movie history i doubt they would) it would probably suck...best i can hope for is an HBO miniseries
Dan Lambskin
Hall of Fame Hero
Posts: 7054
(Past Year: 1)
Joined: 20 Mar 2005
Yards this season: 0
Home Cafe: Baseball
Location: being a fan of the worst franchise in the NFL
This is good news. Though even with all of the advances in special effects, they'll never be able to top the depiction of the Battle of Five Armies from the cartoon version of The Hobbit that came out in the late '70s.