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Guillermo del Toro to Direct "The Hobbit"Posted: January 28th, 2008 by WorstPreviews.com Staff
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Guillermo del Toro (Pan's Labyrinth, Hellboy) is now in talks to direct the back-to-back installment of the upcoming "The Hobbit" films, which are being co-financed by New Line and MGM.
For New Line, making "Hobbit" had become a priority in the wake of its billion-dollar success of the Oscar-winning "The Lord of the Rings" movies, which were co-written and directed by Peter Jackson. Jackson wanted to adapt "Hobbit," but when he got into a dispute with the studio over profit participation, the project went into limbo; neither New Line nor MGM wanted to risk alienating fans of the trilogy by making an adaptation that didn't have Jackson's involvement.
The December resolution of the Jackson suit, facilitated by MGM CEO Harry Sloan, paved the way for "Hobbit" to get back on the road to the screen. However, because of other commitments that included "The Lovely Bones" and "Tintin," Jackson could not take on writing and directing roles, opting instead to become an executive producer with approval over creative elements of the pair of films.
Because of the strike, no writer has been hired to adapt Tolkien's children's classic, though that process will be fast-tracked once it's resolved. Del Toro and Jackson will oversee "Hobbit's" writing.
Principal photography for the films, which will be shot simultaneously, is tentatively set for 2009. The production budget is estimated at $150 million per film. The release of the first film is slated for 2010 and the second in 2011.
"Hobbit," which Tolkien initially wrote for his children, was published in the U.K. in 1937 to wide acclaim. It centered on Bilbo Baggins, a hobbit who joins a group of dwarves and the wizard Gandalf on a quest to find the treasure of a dragon named Smaug. Tolkien went on to write "The Lord of the Rings" 17 years later.
Click here to read more about "The Hobbit."
Source: The Hollywood Reporter
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