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, spokesmen 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 has had some very bad luck this year, film release wise. "The Golden Compass" won't do as well as expected, and several other films, some very good, have underperformed as well.
"The Hobbit" will be a cash cow... but we have to wait till 2010... I'll be in line!
3 comments:
Sequel? Are they splitting the book into two movies?
Nope. First film will be "The Hobbit" as we know it. I don't know who will direct, they haven't announced so I may not (probably won't be?) Jackson.
The second will be the story between "The Hobbit" and LOTR. Pieced together from Tolkien's stories, potentially by Chris Tolkien.
That one might be a problem... we'll see.
Hmm, that fifth film sounds like something better left alone, but oh well. I have the option of NOT going to see it if I choose.
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