Peter Jackson's 'The Hobbit' Officially Greenlit!

Friday, 15 October 2010 09:37 Written by  JimmyO
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Peter Jackson's 'The Hobbit' Officially Greenlit!

It’s finally going to happen! Peter Jackson’s The Hobbit finally has been greenlit with production starting in February according to an individual close to the film.

Do you hear that?

That is the sound of every single Lord of the Rings fan sobbing and cheering at the great news!

According to TheWrap, it is finally happening as Peter Jackson has agreed to write, direct and produce the two-part epic.

The latest development comes after years of setbacks. MGM has been waging a very public struggle with financial issues, forcing the studio to join forces with Warner to get the production off the ground. The first film is expected to hit theaters on December 19, 2012, with the second arriving in 2013. While financing is now in place — the Wrap put the budget of the two films at $400 million — labor issues surrounding the New Zealand production remain unresolved, with Screen Actors Guild negotiations still under way.

We’ll keep you posted as we learn more.

Are you ready to return to Middle Earth?

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