Could The Hobbit finally be getting somewhere? According to The L.A Times “Warner Bros., its subsidiary New Line Cinema, and partner Metro-Goldwyn-Mayer appear to be close to greenlighting” The Hobbit following years of delays.
They say the studios “have nearly finalized a deal with director, producer and co-writer Peter Jackson” and “the one remaining hurdle is getting an official go-ahead from MGM” who “could give Warner Bros. the official okay in the next few days”.
MGM still needs to come up with its half of the budget, which is expected to be around $500 million in total for both movies which will be shot back-to-back. Should a greenlight be given shooting will begin in January for a December 2012 release. Any further delays could mean the first Hobbit movie won’t be hitting screens until 2013.
It would be a shame for fans to get too excited, so we’ll have to wait and see how things develop over the next few days/weeks. Hopefully everything comes together so they can confirm casting and get filming.