'The Hobbit' to start production immediately

Hollywood Insider just received word from New Line and MGM that everything has been resolved in The Hobbit debacle between Peter Jackson (pictured) and New Line. Jackson will executive produce the pic for a 2010 release, but the studios are still in search of director. Production on The Hobbit will begin immediately, though no script has been written, which means they will have to work around the strike. A rep for MGM says, “This is a slamdunk for everybody.”

In a New Line press release to be sent out today, Peter Jackson says , “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. ‘The Lord of the Rings’ is a legacy we proudly share with Bob and Michael, and together, we share that legacy with millions of loyal fans all over the world. We are delighted to continue our journey through Middle Earth. I also want to thank Harry Sloan and our new friends at MGM for helping us find the common ground necessary to continue that journey.”

Stay tuned for more throughout the day…

Additional reporting by Nicole Sperling.

Comments (82 total) Add your comment
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  • step

    Wow.

  • Marc

    This is perfect. No one else could make this film like Peter Jackson can. Now if they would only cast me as one of the extras…

  • Anonymous

    I wish Peter Jackson was directing this, but I’ll still be first in line to go see this movie.

  • mage?!

    I am so thrilled to hear those words. Now I have something to wait for…
    Good Luck and Pete and WETA!!

  • Ed Ruiz

    I agree with Marc,no one else but Jackson can do this.Lord of the Rings is the only triology that I can say got better and better. I’m excited that Hollywood East may be coming to Connecticut. And like most I also would love to be an extra or maybe a small part. Sometimes fantasies come true. Go for it Peter. Ed

  • Em

    Im very dissapointed Jackson isnt directing… probably wont see it

  • Boston Pat

    Thank you Golden Compass for bombing!

  • Karim.M

    Okay, i’m confused. Here they’re reporting Jackson isn’t directing, but over at Yahoo! Movies, they have the title “Peter Jackson to direct The Hobbit”…see for yourself http://movies.yahoo.com/mv/news/ap/20071218/119800488000.html….What do you think?

  • Karim.M

    remove the “….What” in my previous comment to view the web page

  • BC

    Even though Peter Jackson is not directing IT, his involvement will ensure a good movie because he knows Tolkien.

  • hook

    He was said to be found at a millionaire&celebs club Meet Rich Dcom not long before, and he was hot there.Quite a few girls and ladies wrote to him.OMG!

  • Anonymous

    He’s just not signed to direct now. He may still come around. JJ Abrams was Exec Producing Star Trek and then decided to direct it. I would be surprised if he didn’t. The main thing in his way are the TinTin movies he’s doing with Spielberg.

  • JESSE

    YES YES YES YES YES!!!
    HAPPY HOBBIT HOLIDAZE!!!

  • JESSE

    YES YES YES YES YES!!!
    HAPPY HOBBIT HOLIDAZE!!!

  • harry

    yeeessssss!!!

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