23 Jan 2010

Save The Date - 2012 The Hobbit is Released ! (Probably)

To be honest this is something that does not come as a complete surprise to me. In previous interviews with Peter Jackson there were some hints that the whole production was probably going to moved forward - filming was supposed to start in 2010, then 2011 was mentioned. All this uncertainty was of course adding confusion and leaving many fans wondering if the financial problems of MGM and New Line Cinema were maybe getting in the way, and the truth is that we will most probably have to wait until at least 2012 before we can see The Hobbit on the big screen. The fact is that The Hobbit will not be financed as The Lord of the Rings was - this time the financing rights of the movie are shared between New Line Cinema and MGM who is still the owner of the original rights bought in 1969, and this is potentially a problem as MGM financial predicaments may force the studios to sell those rights to an unknown party.

"Once the script for the second film is in -- Jackson and his longtime collaborators Fran Walsh and Philippa Boyens are working on it with Del Toro -- New Line will work up a budget for both films and start casting. New Line exec Michael Disco, who was once Emmerich's assistant, will oversee for the studio. (Variety)

This is some positive news , however once again New Line Cinema does not speculate or make any prediction about The Hobbit release date, they say the most probable scenario would be a release in the fourth quarter of 2012 ( a full year after the previously-announced December 2011 release). It is very clear by reading the interview that New Line Cinema is well aware of the expectations surrounding this production. The Hobbit is going to be as big and as important as The Lord of the Rings, its a big gamble considering the amount of cash needed to make it , but it will pay off, just like The Lord of the Rings did. Oh well dear hobbits, plenty of stories, food, ale and pipe-weed in the Shire to make the wait more bearable I guess. Lets the countdown begin! :)

(source: Variety)