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Not-So-Breaking News! Peter Jackson finalizing deal to direct Hobbit!

10.05.2010

It's the news we all knew was coming: Peter Jackson is finalizing a deal with MGM and Warner Bros. to direct two installments of THE HOBBIT. Yes, shocking, I know. Representatives for both sides confirmed the news to The Wrap with Jackson's directing fee settled upon (likely ten jillion dollars) with only a few minor sticking points left to complete. With Jackson all but signed on the dotted line, the studios are also closing in on a greenlight for the project, which would allow Jackson to really begin work on the project, including a few months worth of casting rumors that will surely drive me to insanity (Robert Pattinson for Bilbo Baggins!).

Jackson wrote the first draft of the script and has been on-board to produce since the deal was first announced. But when Guillermo del Toro left the production due partly to scheduling delays on the part of cash-strapped MGM, having Jackson fill in as a replacement was a no-brainer.

For those hoping that things will begin moving swiftly though, you might want to take a seat and wait patiently. A source for The Wrap points out that the deal for Jackson was also just about done two weeks ago but things have been dragging on because of MGM's complicated financial situation and the recent New Zealand actor's union controversy.

Whatever the case, Jackson looks set to direct so if you hear any "Darren Aronofsky in talks to direct THE HOBBIT!!" rumors, you know they're bullshit.

Extra Tidbit: Honestly, with Jackson doing THE HOBBIT and del Toro doing AT THE MOUNTAINS OF MADNESS, doesn't this work out for everyone?
Source: The Wrap

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4:12PM on 10/07/2010

Ahh

We all knew it would happen eventually. Now just get on with it before we loose Ian Mckellen. I do not want to see anyone else as Gandalf.
We all knew it would happen eventually. Now just get on with it before we loose Ian Mckellen. I do not want to see anyone else as Gandalf.
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7:46PM on 10/06/2010

About Time!

Only person that could've done it right IMO. Nothing against Del Toro.

Let's light this candle now and get moving. I ain't gettin' NO younger.
Only person that could've done it right IMO. Nothing against Del Toro.

Let's light this candle now and get moving. I ain't gettin' NO younger.
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6:49AM on 10/06/2010

Heh

Daniel Radcliffe is old enough now to play Bilbo. You know he can do it.
Daniel Radcliffe is old enough now to play Bilbo. You know he can do it.
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6:11AM on 10/06/2010

Oooooooooooh Ya!

I agree it worked out for all parties involved!
I agree it worked out for all parties involved!
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9:19PM on 10/05/2010
Oh, hell yeah!
Oh, hell yeah!
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+1
8:27PM on 10/05/2010

Nice.

One down. Bond to go. C'mon people.
One down. Bond to go. C'mon people.
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+0
4:01PM on 10/05/2010
no not robert pattinson..plz
no not robert pattinson..plz
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1:06PM on 10/05/2010
Mark my words, this film will never get made, its just too awesome. I hope I'm very wrong though.
Mark my words, this film will never get made, its just too awesome. I hope I'm very wrong though.
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+5
11:42AM on 10/05/2010
Jonah Hill for Bilbo!
Jonah Hill for Bilbo!
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11:23AM on 10/05/2010
This is great and all, but I still have a feeling something else is going to go wrong. I'll believe all of this when we start getting some more news.
This is great and all, but I still have a feeling something else is going to go wrong. I'll believe all of this when we start getting some more news.
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11:20AM on 10/05/2010
This is not good news. Good news is when the wife agrees to eat box for your birthday. THIS is great news!
This is not good news. Good news is when the wife agrees to eat box for your birthday. THIS is great news!
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10:30AM on 10/05/2010

Glad Jackson is as close to officially signed on as he can get...

but by the time we even see a Hobbit movie in theatres I reckon we'll have seen several Guillermo Del Toro flicks. It's no wonder MGM are in so much debt when they've essentially spent $45 million on concept art and a script, and haven't even greenlit the movie yet.
but by the time we even see a Hobbit movie in theatres I reckon we'll have seen several Guillermo Del Toro flicks. It's no wonder MGM are in so much debt when they've essentially spent $45 million on concept art and a script, and haven't even greenlit the movie yet.
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+3
10:20AM on 10/05/2010

JACKSO FOR THE HOBBIT

Fuckin great moarning news !
Fuckin great moarning news !
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