Guillermo del Toro announced today on the OneRing.net that he won’t be directing the two film versions of JRR Tolkien's The Hobbit, though he will continue to collaborate as a writer. This is yet another (possibly fatal) nail in the coffin of this project. As one who saw first hand the battle between the parties over the profits from The Lord of the Rings Trilogy, I can say that there is absolutely too much greed on all sides attached to these projects. Whatever the problems, The Hobbit will not happen unless Peter Jackson takes the directing helm (which he claims that he can’t do). Also, Mr. Jackson should put the project first this time instead of his big, fat wallet (which has not lost any weight). Read the Deadline Hollywood story here:
http://www.deadline.com/2010/05/del-toro-leaves-the-hobbit-and-evidently-peter-jackson-wont-be-next/#more-44536
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