I being a huge LotR fan, couldn't resist from putting this. Plans are on to adapt the book by Tolkien, "The Hobbit" into a movie. The plans have been made final, the Saul Zaentz Company has indeed agreed that The Hobbit will be made as a movie.
However, it is doubtful that Lord of the Rings director Peter Jackson will direct this movie due to his "legal dispute" with New Line Cinema. New Line Cinema currently still holds the rights to Lord of the Rings and The Hobbit which it will be losing next year, and which will be directed back to the Saul Zaentz Company.
MGM has been in talks with Peter Jackson about making "two movies" based on The Hobbit storyline. MGM currently holds the distribution rights to Lord of the Rings. The first movie will be a direct adaptation of The Hobbit and the second one will delve deep into the history of LotR and the characters related to it. It will be seen as sort of a Silmarillion adaptation though there aren't any confirmations to this.
The fact still remains that The Hobbit WILL be made but only time will tell when and who directs it. The brilliant direction of LotR by Peter Jackson gives us high expections on how The Hobbit will be. Therefore, seeing the movie directed by any other director will be a compromise all LotR fans will have to make!!
Even though I'll be posting updates on the situation of The Hobbit, you can vist these sites for detailed info and news. The sites are a must visit for all Die-Hard LotR fans:
http://www.theonering.net
http://www.councilofelrond.com
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