MGM to Produce “The Hobbit”

Filed under: — By Aviran Mordo @ 3:35 pm

According to two sources, MGM and New Line are partnering to produce ‘The Hobbit’ as part of MGM’s new plans to create blockbuster movies again.

From theonering.net: ‘Over the next few years, MGM is planning to release half a dozen films, some in the $150 million to $200 million-plus range. Studio is ready to unveil such high-profile projects as “Terminator 4″; one or two installments of “The Hobbit,” which Sloan hopes will be directed by Peter Jackson; and a sequel to “The Thomas Crown Affair” with Pierce Brosnan.’”

Source: Slashdot


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