Peter Jackson Settles With New Line: Ready to Produce The Hobbit

Posted on December 18, 2007

It's really true: Peter Jackson and New Line have patched up their differences and have announced that the two new Hobbit films are back on. Jackson will be executive producing, but he is so tied up with other movie projects he won't be directing -- which is infuriating.

Peter Jackson says in the announcement, "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."

MGM Chairman and CEO Harry Sloan says, "Peter Jackson has proven himself as the filmmaker who can bring the extraordinary imagination of Tolkien to life and we full heartedly agree with the fans worldwide who know he should be making The Hobbit. Now that we are all in agreement on The Hobbit, we can focus on assembling the production team that will capture this phenomenal tale on film."

Michael Lynne, New Line Co-Chairman and Co-CEO, says, "Peter is a visionary filmmaker, and he broke new ground with The Lord of the Rings," notes . "We're delighted he's back for The Hobbit films and that the Tolkien saga will continue with his imprint. We greatly appreciate the efforts of Harry Sloan, who has been instrumental in helping us reach our new accord."

Sam Raimi has been suggested as a director -- Sam has said he wouldn't do the film unless Peter was producing, which he is. Jackson is filming The Lovely Bones until February and is then scheduled to do the Tin Tin series with Steven Spielberg. We say move Tin Tin and get cracking on The Hobbit! We are impatient! Spielberg can wait!