In a bit of news that is sure to please Lord of the Rings enthusiasts (myself being one of them), Deadline is reporting that Peter Jackson is in the middle of negotiations to direct two installments of The Hobbit. Warner Bros. New Line and MGM are all in on the deal and Jackson’s (probably) high budget and salary are being negotiated.
This is a huge break for the somewhat troubled production. Guillermo del Toro walked away from the project after it became clear production will extend far beyond the already allotted two years. If everything moves forward smoothly with Jackson, he’ll probably move to New Zealand, like del Toro and his family did, for the filming and production.
Previously Jackson and his reps had vigorously denied his potential involvement with The Hobbit films. He has/had commitments to other projects, not the least of which is a Tintin sequel. Jackson won three Oscars with his work on the LOTR films, and I don’t think it’s too early to say if he does indeed direct The Hobbit I and II, there is a good possibility of adding to his trophy case.
We will have more details as the news becomes available, but for now it looks like Peter Jackson will direct The Hobbit.