It was billed as cinema's next great tale, with a massive budget and build-up to match the Lord of the Rings trilogy. But The Hobbit, a two-part prequel to Peter Jackson's award-winning films, is in crisis after director Guillermo del Toro today said he was quitting the production.
Han sa, "I really respect and admire Peter and would love for him to be creatively involved in some way in The Hobbit. The trustees acknowledge that New Line may now proceed with its proposed film of The Hobbit.
And who could possibly step in to replace him? The answer to the first question may in part be found in the debt-soaked balance sheets at MGM, which co-owns the rights to a feature film version of The Hobbit with New Line Cinema, the studio that made the LOTR trilogy.
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