Jackson Signs Deal to Do The Hobbit

Geeking out over here, but after much legal saber-rattling and general fooling around, New Line and MGM have signed a deal with director Peter Jackson to do two (!) new movies based on J.R.R. Tolkien’s classic book The Hobbit.

New Line Cinema, a division of Time Warner Inc. said Tuesday that it has signed on Peter Jackson, director of the award-winning “Lord Of The Rings” film series, to direct two films based on “The Hobbit,” a prequel to the “Rings” trilogy. Metro-Goldwyn-Mayer, partially owned by Sony Corp. will co-produce the films. The agreement comes after a dispute between Jackson and New Line over the director’s cut of the profits from “Rings,” which grossed a collective $2.9 billion and won 17 Academy Awards.

Ooooh!

Comments

  1. Wish he’d do the lesser-known yet related work, The Silmarillion, instead since we all know The Hobbit story already and I don’t feel like taking the time to actually read the copy of Silmarillion that I bought a few years back.

  2. I this this calls for a loud w00t!!!

  3. Don’t read Silmarillion. It felt like a bad encyclopedia entry with extra adjectives.

  4. Finally, Jackson has come to his senses. B-but… two films? Fine, I won’t complain.
    I still haven’t seen King Kong. Maybe I’ll see it once I’ve seen The Hobbit.

  5. Oh wait. The news says he’s lined up to PRODUCE but not DIRECT.
    That’s disappointing.

  6. The news I had was that he was directing. See the above clip from the wire, where it clearly says he is directing.

  7. Does anyone know about the structure of these films? I mean, will it be two movies based on one book “The Hobbit” or does someone is going to write a script?