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The One Ring Forums: Tolkien Topics: Movie Discussion: The Hobbit:
Source says the MGM situation of 'great importance' to two 'The Hobbit' films

MrCere
Sr. Staff


Mar 28 2010, 2:27am


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Source says the MGM situation of 'great importance' to two 'The Hobbit' films Can't Post

TheOneRing.net has received rock-solid information from an absolutely reliable source that the MGM financial situation is indeed what is behind the delays of the start of "The Hobbit."

The venerable film studio behind James Bond and about 4,000 other titles is reported to be in about $3.7 billion in debt but holds the distribution rights for two "Hobbit" films that are under contract to be made by Warners Bros. The two studios have an agreement in place to produce and distribute the film but financial difficulties for MGM, including the potential sale of the studio and its holdings, including rights to the films based on the book by J.R.R. Tolkien, has delayed the films.

The source inside the production has told TheOneRing.net that all of the wrangling with MGM is indeed a significant part of possibly pushing the films back.

"At this stage we are all working and hoping for the best case scenario. Without a doubt, the MGM situation carries great importance."

Conflicting reports list the first of the films' release in 2011 as well as 2012. Studio and other sources told TORn that 2012 is a foregone conclusion but some involved say there is still hope for 2011.

Peter Jackson told TheOneRing.net in July that the first script was only weeks away from completion and Ian McKellen has talked about reading it since then. (You can read a much more extensive Comic-Con report here )

Meanwhile, Variety has reported that Lionsgate dropped out of the bidding for MGM, leaving two bidding entities, with a strong possibility that the approximate 140 debtholders will reject both offers.

It appears the two films will not get funded and a green light from the studios until the MGM financial affairs are settled. Meanwhile the team in New Zealand continues to work on pre-pre-production (or unofficial pre-production) and perhaps the script, although Jackson's timeline as discussed at Comic-Con indicate that it should be well finished.

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(This post was edited by MrCere on Mar 28 2010, 2:34am)

Subject User Time
Source says the MGM situation of 'great importance' to two 'The Hobbit' films MrCere Send a private message to MrCere Mar 28 2010, 2:27am
    Some News at Last and it is 3/27. Kangi Ska Send a private message to Kangi Ska Mar 28 2010, 2:35am
    I remember in 2006 Ataahua Send a private message to Ataahua Mar 28 2010, 2:44am
        ...or a quick youth in Asia sharku Send a private message to sharku Mar 28 2010, 2:57am
        Yeah macfalk Send a private message to macfalk Mar 28 2010, 8:16am
        It's that love-hate relationship... Patty Send a private message to Patty Mar 28 2010, 4:29pm
    A silly question Hamfast Gamgee Send a private message to Hamfast Gamgee Mar 28 2010, 10:06am
        Seems very similar to me! Huan71 Send a private message to Huan71 Mar 28 2010, 4:34pm
        Kind of drifting OT... SirDennisC Send a private message to SirDennisC Mar 29 2010, 2:35am
            But don't forget shadowdog Send a private message to shadowdog Mar 29 2010, 2:47am
                Ah yes SirDennisC Send a private message to SirDennisC Mar 29 2010, 3:06am
        That is a fair sum MrCere Send a private message to MrCere Mar 30 2010, 9:17am
    I scratch my head on all this rings7 Send a private message to rings7 Mar 28 2010, 3:50pm
        There is still 18 months shadowdog Send a private message to shadowdog Mar 28 2010, 4:17pm
        Need a green light first Garfeimao Send a private message to Garfeimao Mar 28 2010, 6:10pm
            One more sign everything's getting pushed back: Theodred Send a private message to Theodred Mar 29 2010, 9:23pm
                No casting until budget in place Garfeimao Send a private message to Garfeimao Mar 29 2010, 9:36pm
        2012 may be earliest for film 1... jschomburg Send a private message to jschomburg Mar 28 2010, 9:57pm

 
 
 

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