Peter Jackson in negotiations to direct THE HOBBIT
Back in may, we brought you the sad but true news that Guillermo del Toro was stepping away from his directorial duties on THE HOBBIT. Soon, precious rumors were abound with potential replacements for del Toro, with the list including names like David Yates, Neill Blomkamp, Brett Ratner, and even Peter Jackson - a man who knows a thing or two about LORD OF THE RINGS.
Jackson stated that, if he had to, he would step in to direct adding that the unknown factor would be if he was able to detach himself from his current projects in development due to contract constraints. Seems like those prior commitments weren't too difficult to get out of, as Deadline is reporting that Jackson has in fact agreed to direct the two part series with his contract currently being negotiated amongst Warner Bros, New Line, and MGM. Money also seems to be no object, as it is additionally being reported that MGM is to spare no expense to make the deal happen. This subject of money and MGM of course raises the issue of the studios current financial trouble and how this will still hinder THE HOBBIT.
The deal would also include that Part 1 and Part 2 be shot back-to-back, using the same LOTR locale of New Zealand for Middle Earth. Part 1 was originally set for a December 2012 release but there was no mention made if this was still the plan.