Entertainment Weekly is reporting that The Hobbit finally has a greenlight and that production will begin immediately. Peter
Jackson has resolved his longstanding issues with the studio and will be involved with The Hobbit and a sequel (we're presuming this means the book will be split in two). That's the very good news.
The more intriguing, and possibly unsettling for some, news is that Jackson will not be directing, but serving as Executive Producer. A director is being sought. In a press release, apparently to released shortly, Jackson said:
"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.”
There is no script written yet and can't be until the writer's strike is finished, so this won't be in cinemas until 2010, but it's fantastic news that it's finally going to happen. Jackson's involvement surely means that a great director will be found to continue the story, though we'd prefer that he'd be the man to close the ring. So, readers, how do you feel about this and who would you give the directing gig? We'll start you off with a man who can handle fantasy, effects and heart: Guillermo Del Toro.
UPDATE: The press release has just arrived in our inbox and provides the additional information that the film will be co-financed by MGM and New Line, with New Line distributing in North America and MGM internationally. Jackson and New Line have also settled all litigation regarding Lord of the Rings.
The film now has an official blog at www.thehobbitblog.com, which you should keep your eye on for updates. But obviously you should check Empire first, because we're nice and it's always a delight to see you. Now, will you have a cup of tea while you're here. And you'll have a biscuit of course. Oh, you will, it's Christmas.