Peter Jackson to direct `The Hobbit' |
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Tue, 18 Dec 2007 17:08
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NEW YORK (AP) - Peter Jackson and New Line Cinema have reached agreement to make J.R.R. Tolkien's 'The Hobbit,' a planned prequel to the blockbuster trilogy 'The Lord of the Rings.'Relations between Jackson and New Line had soured after the enormous success of 'Rings,' but Metro-Goldwyn-Mayer Studios (MGM) helped the two sides reach agreement. MGM and New Line will split the film 50/50, a spokesman for MGM said.'I'm very pleased that we have 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.New Line is a unit of Time Warner Inc., while Sony Corp. and Comcast Corp. are among the owners of MGM.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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