Over two years later, the movies have now been green lit. The money is now there. And they'll be in 3D.
OSCAR WINNER PETER JACKSON TO DIRECT THE HOBBIT IN TWO INSTALLMENTS
Peter Jackson Set to Direct J.R.R Tolkiens The Hobbit, In a Two-Part 3D Production of Extraordinary Scope
(Los Angeles, October 15, 2010) The two films based on The Hobbit are now greenlit and will begin principal photography in February 2011, under the direction of Peter Jackson, it was jointly announced today by Toby Emmerich, President and Chief Operating Officer, New Line Cinema, Alan Horn, President and Chief Operating Officer, Warner Bros. and Steve Cooper, co-Chief Executive Officer of Metro-Goldwyn-Mayer Inc.
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