Wednesday, December 19, 2007

"The Hobbit" is Coming Soon

J.R.R. Tolkien's "The Hobbit" is headed to the silver screen. New Line has settled their lawsuit with Peter Jackson over his profits for "Lord of the Rings" trilogy. This allows for a two-film adaptation of the trilogy’s prequel. Because Jackson has a full slate with his forthcoming films "The Lovely Bones" and "Tintin," he will not direst or write the movies, but will be executive producing with his partner Fran Walsh. As executive producer, Jackson will have approval over creative elements of both films so as not to alienate fans of the first three installments.
New Line and MGM will co-finance and co-distribute the movies, with New Line taking care of North American distribution and MGM handling international distribution. Preproduction will begin in January, and principal photography for the films, which will be shot simultaneously, is tentatively set for 2009. The production budget is estimated at $150 million per film. The release of the first film is slated for 2010 and the sequel in 2011. Source

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