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Peter Jackson to Produce The Hobbit and Sequel!
Topic Started: Dec 18 2007, 12:24 PM (146 Views)
Marasai
Crouching Tiger, Hidden Rikku!

Quote:
 

Peter Jackson to Produce The Hobbit and Sequel!
Source: New Line Cinema, MGM December 18, 2007


Academy Award-winning filmmaker Peter Jackson; Harry Sloan, Chairman and CEO, Metro-Goldwyn-Mayer Studios Inc. (MGM); Bob Shaye and Michael Lynne, Co-Chairmen and Co-CEOs of New Line Cinema have jointly announced today that they have entered into the following series of agreements:

* MGM and New Line will co-finance and co-distribute two films, The Hobbit and a sequel to The Hobbit. New Line will distribute in North America and MGM will distribute internationally.

* Peter Jackson and Fran Walsh will serve as Executive Producers of two films based on The Hobbit. New Line will manage the production of the films, which will be shot simultaneously.

* Peter Jackson and New Line have settled all litigation relating to the "Lord of the Rings" (LOTR) Trilogy.

Said Peter Jackson, "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."

"Peter Jackson has proven himself as the filmmaker who can bring the extraordinary imagination of Tolkien to life and we full heartedly agree with the fans worldwide who know he should be making 'The Hobbit,'" said Sloan, MGM's Chairman and CEO. "Now that we are all in agreement on 'The Hobbit,' we can focus on assembling the production team that will capture this phenomenal tale on film."

Bob Shaye, New Line Co-Chairman and Co-CEO comments, "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."

"Peter is a visionary filmmaker, and he broke new ground with 'The Lord of the Rings,'" notes Michael Lynne, New Line Co-Chairman and Co-CEO. "We're delighted he's back for 'The Hobbit' films and that the Tolkien saga will continue with his imprint. We greatly appreciate the efforts of Harry Sloan, who has been instrumental in helping us reach our new accord."

The two "Hobbit" films – The Hobbit and its sequel – are scheduled to be shot simultaneously, with pre-production beginning as soon as possible. Principal photography is tentatively set for a 2009 start, with the intention of The Hobbit release slated for 2010 and its sequel the following year, in 2011.

The Oscar-winning, critically-acclaimed LOTR Trilogy grossed nearly $3 billion worldwide at the box-office. In 2003, "Return of the King" swept the Academy Awards, winning all of the eleven categories in which it was nominated, including Best Picture – the first ever Best Picture win for a fantasy film. The Trilogy's production was also unprecedented at the time.

For more information about "The Hobbit" films, visit TheHobbitBlog.com.
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cornflakes
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Second Class, Limited
I am so glad they kissed and made up. I wouldn't be half as keen to see a The Hobbit made by someone else.
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Ryth
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cornflakes
Dec 21 2007, 01:14 PM
I am so glad they kissed and made up. I wouldn't be half as keen to see a The Hobbit made by someone else.

This.
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+Ambient
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Magic Knight
It's good they'll make a film of the Hobbit, it's a good book :)
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Drgnmastr_Alex
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It's that time again? *evil grin*
I liked The Hobbit better than the LotR trilogy anyway, so I can't wait for this to come out. The encounter with Smaug better be like the book, but knowing Peter Jackson, it most likely will.
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+ fearless freak
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KEEP ON ROCKING IN THE FREE WORLD!

Hang on a moment, isn't Lord Of The Rings technically the sequal to The Hobbit unless he's going to do The Silmarillion
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cornflakes
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Yeah, I wasn't too sure what the 'sequel' bit meant, but I'm guessing it could either mean that The Hobbit is gonna be split into two bits, or that the sequel chronicles what happens between The Hobbit and Fellowship of the Ring.
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+ Mark.
New Forum Gamer
I'm excited, he's a great director!
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Marasai
Crouching Tiger, Hidden Rikku!

He's only producing. Peter won't be directing. They decided to do it that way, otherwise we would be waiting a lot longer for the movies.

I am hoping that they split the book into two movies. Get more of the book in it that way. Smaug will be awesome, I can't wait to see him in it.
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+ Mark.
New Forum Gamer
Oh right, hopefully the movie won't be 3 hours long.
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cornflakes
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Lol, since when has any of Jackson's movies been boring, even if they all pass the 3-hour mark (or was it? They all sure felt epic like that...)?
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+ Mark.
New Forum Gamer
King Kong because you knew the ending. :)
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Marasai
Crouching Tiger, Hidden Rikku!

I didn't care for Kingo Kong, though he did a good job with it. The only time I dislike movies being long is at the theatres. Can't pause them, and with a movie like the Hobbit, I wouldn't want to miss anything. lol
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+ Mark.
New Forum Gamer
And you can sometimes fall asleep in the theatre. :P
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Red Phazon
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What I hope is that because this story is much shorter, less will be left out of the movie.
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Megume
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Love me Dead
yey! i was hoping that he'd get to do it. altho...i'm not too eager to sit in the theatre for 4 more hours O_O and watch 6 possible endings.
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Lord Tri
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The Name is Sexylicious
I'm a happy man.
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Clint Eastwood
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Now my hurricanes have brought down this ocean rain
I'm happy Peter is doing the movie. In my opinion I think it would be close to impossible to make The Silmarilian a film because it takes place over thousands and thousands of years of history. Beren and Luthian would take a huge chunk out of the movie, and the Fall of Gondolin.
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Marasai
Crouching Tiger, Hidden Rikku!

Things are not looking good, for the movie now. Here's the latest update.

Quote:
 

Tolkien Estate Sues New Line
Source: ComingSoon.net, The Tolkien Trust February 12, 2008


The estate of "Lord of the Rings" creator J.R.R. Tolkien is suing New Line Cinema, claiming the company failed to pay a cut of gross profits for the blockbuster films. Here is today's statement from The Tolkien Trust:

The trustees of The Tolkien Trust, a British charity, have filed an action against New Line Cinema for its failure to pay a contractually required gross profit participation in the three films based on the world-famous Lord of the Rings trilogy. The trustees of the estate of JRR Tolkien and HarperCollins Publishers are co-plaintiffs in the lawsuit. The suit was filed today in Los Angeles Superior Court.

The Lord of the Rings films produced by New Line are among the most financially successful films ever created by Hollywood and were released in 2001, 2002 and 2003 respectively. The cumulative worldwide gross receipts to date total nearly $6 billion. Notwithstanding the overwhelming financial success of the films, and the fact that the plaintiffs have a gross participation in each of the films, New Line has failed to pay the plaintiffs any portion of the gross profit participation at all.

The trustees' UK lawyer, Steven Maier, of Manches LLP, said: "The Tolkien trustees do not file lawsuits lightly, and have tried unsuccessfully to resolve their claims out of court. But in this case, New Line has left them no option at all. New Line has not paid the plaintiffs even one penny of its contractual share of gross receipts despite the billions of dollars of gross revenue generated by these wildly successful motion pictures. To make matters worse, to date New Line has even prevented the plaintiffs from auditing the last two films of the series. The trustees are very aggrieved by New Line's arrogance."

The complaint seeks, among other things, in excess of $150 million in compensatory damages, as well as punitive damages, and a declaration from the Court that the plaintiffs have a right to terminate any further rights New Line may have to the Tolkien works under the agreements, including The Hobbit, due to the serious and material nature of the breach of the agreements.

Bonnie Eskenazi, the trustees' US counsel who filed the complaint, said, "New Line has brought new meaning to the phrase 'creative accounting.' I cannot imagine how on earth New Line will argue to a jury that these films could gross literally billions of dollars, and yet the creator's heirs, who are entitled to a share of gross receipts, don't get a penny."

JRR Tolkien is the world-renowned author of the "Lord of the Rings" trilogy and "The Hobbit." The Tolkien Trust is a UK registered charity that has made grants to charitable causes all over the world totaling over $8 million in the last five years alone.
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