Peter Jackson, MGM and New Line Cinema told the Nest that they are now to produce two films, The Hobbit and a sequel to The Hobbit (doh). New Line will distribute in North America and MGM will distribute internationally. Jackson and New Line told SFcrowsnest that they have settled their legal battle over the money from the Lord of the Rings movie trilogy.
Buy The Hobbit in the USA - or Buy The Hobbit in the UK
Peter Jackson told SFcrowsnest.com, “I’m very pleased that we’ve been able to put our differences behind us, so that we may begin a new chapter with our old friends at New Line. ‘The Lord of the Rings’ is a legacy we proudly share with Bob and Michael, and together, we share that legacy with millions of loyal fans all over the world. We are delighted to continue our journey through Middle Earth. I also want to thank Harry Sloan and our new friends at MGM for helping us find the common ground necessary to continue that journey.”
Bob Shaye, New Line's chairman, told us, “We are very pleased we have been able to resolve our differences, and that Peter and Fran will be actively and creatively involved with ‘The Hobbit’ movies. We know they will bring the same passion, care and talent to these films that they so ably accomplished with ‘The Lord of the Rings’ Trilogy.”