Joseph Hutson
Well-known member
http://www.variety.com/article/VR1118025794.html?categoryid=13&cs=1&ref=vertfilm
Variety.com said:"The Hobbit," which has been stuck in limbo for many months, has received a greenlight from co-financers New Line and MGM to start shooting in February -- as long as the studios can sort out a thorny dispute with actors unions.
Though neither studio had any comment, sources close to the situation indicated Friday that the studios have agreed on an official go-ahead on the back-to-back films.
The Screen Actors Guild had no comment Friday. SAG and half a dozen actors unions had advised its members last month to boycott "The Hobbit" due to a dispute between producers and the New Zealand actors union, which is alleging that local performers are treated unfairly and deserve a union contract.
Additionally, Peter Jackson's deal to direct the films has closed, an informed source said Friday. Jackson, who's writing and exec producing, had responded to the unions' boycott by threatening to move the production from his home country of New Zealand to Europe.
Jackson's been widely expected to direct since Guillermo Del Toro's departed the from the director gig in May.
Preproduction on the films has been underway for many months in New Zealand, where Jackson shot the "Lord of the Rings" trilogy for New Line. Del Toro, who committed to direct "The Hobbit" pics in 2008, said in May that sets, wardrobe, animatics and planned battles sequences had all been fully prepared.
Financial difficulties faced by MGM, which owns half of the project, have also added to the uncertainty over "The Hobbit." More than 100 MGM's debtholders were asked last week to approve a pre-packaged bankrupcty plan that would wipe out the equity and leave Spyglass Entertainment execs in charge with a 5% stake, but Lionsgate Entertainment has proposed a merger that would give debtholders a 55% stake.
"The Hobbit" films are based JRR Tolkien's epic fantasy novel about the adventures of Bilbo Baggins, who obtains the ring that was the centerpiece of "The Lord of the Rings" trilogy of books and films.
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