It looks like the drama continues with the upcoming Lord of the Rings prequel, The Hobbit.
Even though it was just announced that filming was going to start in November, director Guillermo Del Toro has confirmed that the project has been put on hold indefinitely because of complicated negotiations over the future of the MGM movie studio.
Producer Peter Jackson has said in the past "It's not really been delayed, because we've never announced the date," however, Del Toro admits that pre-production had already started.
"We have designed all the creatures. We've designed the sets and the wardrobe. We have done animatics and planned battle sequences. We are very, very prepared for when it is finally triggered. It's not greenlit. That's categorical. We've been caught in a very tangled negotiation. There cannot be any start dates until the MGM situation gets resolved. They do hold a considerable portion of the rights."
That sucks! We were really looking forward to this one! Let's hope the drama doesn't continue into production!