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article imagePeter Jackson might direct 'The Hobbit'

By Stephanie Medeiros     Jun 25, 2010 in Entertainment
'Pan's Labyrinth' mastermind Guillermo del Toro was set to direct the adaptation of The Hobbit until last month when he stepped down due to unknown reasons. Now, original Lord of the Rings movie director Peter Jackson might take the helm instead.
Nothing has yet been set in stone between the studio funding The Hobbit nor agents of Peter Jackson, however, there are negotiations being had for the acclaimed director to take the reigns of the prequel to the Lord of the Rings Trilogy, rather than working in the background in the production of the two-parter movie. Recently, MGM--the studio that owns fifty percent of the rights to The Hobbit--have been hindered by financial issues and could see bankruptcy in the near future if a acceptable bidder does not save the long-running studio.
Because of these money woes, The Hobbit has experienced some relatively negative experiences. Some film critics are theorizing that the movie might not even see existence if MGM's problems continue; reports from Entertainment Weekly, however, say that "sources close to The Hobbit project insist that MGM's financial woes aren't a factor in this production."
Earlier in the summer when Guillermo del Toro resigned from his position, it was not quite clear why del Toro left and the question still looms in many peoples' heads. Regardless of any sort of doubt that the project might not even see a finished product, Jackson is confident that the film will stay on course for its slated release of December 2012 and 2013 respectively.
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