Tuesday, December 18

Great news! Settlement paves way for Peter Jackson's The Hobbit

Peter Jackson and New Line have finally reached an agreement over how to split up the billions of dollars generated by the Lord of the Rings trilogy, paving the way for Jackson (and, not incidentally, Sir Ian McKellan) to make a film adaptation of The Hobbit.

Jackson will executive produce the film rather than direct it, but I think all Lord of the Rings fans just breathed a sigh of relief. You just know he's going to do it up right.

Intriguingly, looks like there is also a cinematic sequel to the Hobbit in the works, which will presumably fill the gaps between the end of the Hobbit and the beginning of LOTR.

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