With MGM in talks with Spyglass for a merger it looks like the situation holding up The Hobbit and Bond 23 may be over soon. The delay has lost us Guillermo del Toro, but Peter Jackson is still steering the project forward and may or may not end up directing. No beacons can be light while MGM are still in debt, but Jackson revealed in a recent interview that The Hobbit will have “certainty” sometime soon.
A decision was still to be made on whether he would direct The Hobbit, which is in limbo while problems are resolved with Warner Bros and MGM, which is heavily in debt and up for sale.
But he said yesterday that Warner Bros was “making progress untangling the MGM situation, so we should have certainty with The Hobbit sometime soon”.
The article also mentions Jackson is eager to sort out his Hobbit duties (whether directing or just producing) as it will allow him to map out a five-year plan for projects “that will keep many people very busy”.
With fans, MGM, Warner Bros. and Guillermo del Toro wanting Jackson to direct the two Hobbit films it would seem like a difficult decision to turn down, but Jackson has projects he wants to work on so the sooner a green-light is given the better.