"[The Hobbit] will definitely be shot by Peter Jackson. The question is only when. He wants to shoot another movie first. Next year the Hobbit-rights will fall back to my company. I suppose that Peter will wait because he knows that he will make the best deal with us. And he is fed up with the studios: to get his profit share on the rings trilogy he had to sue New Line. With us in contrast he knows that he will be paid fairly and artistically supported without reservation."
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There was a story a few weeks ago too that MGM was trying to acquire the film rights from New Line so they could do "The Hobbit" and another movie (based on Tolkien notes and source material) set between "The Hobbit" and LotR.
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