Peter Jackson To Direct “The Hobbit”?

June 27th, 2010 - 8:53 pm ICT by GD  

By Gina Gomez
peter1June 27, (THAINDIAN NEWS) Peter Jackson, best known for his Academy award-winning film “Lord of the Rings” film trilogy may take up the direction of “The Hobbit”, a two part prequel to “Lord of the Rings” after Guillermo Del Toro dropped out of the project on May 2010 because of the delays. Peter Jackson is in negotiations to direct “The Hobbit,” according to a reputed source. If the project materializes between the director and the producers then the first part of the film might be released in 2012 and the second part will hit the theaters the year after. However, there is no official confirmation of the news.

There were several issues for which the “The Hobbit” could not be filmed by Guillermo Del Toro and the prime reason can be production delay of the movie. MGM is presently under monetary pressure and the debt laden studio owns 50% of the rights of the classic tale of J.R.R. Tolkein’s novel. On top of that the other partners are Saul Zaentz, Harvey Weinstein and Tolkein estate and all of them have got a share in the profit rights of the movie. The question that arises now is how much money the director will be given to direct this money as the monetary transactions play a vital role here given the uncertain future of the production company.

The recent buzz that surrounds is MGM and its partners will have to convince this 48 years old Academy winner to direct the movie. Peter Jackson is presently working with Steven Spielberg and Kathleen Kennedy as a producer on “The Adventures of Tintin: Secret of the Unicorn” for Paramount, Dreamworks and Sony which is going to hit the theaters at the end of 2011.

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