http://movies.ign.com/articles/842/842098p1.html
Is it necessary to make two films out of this? I think the story could be adequately told in 240 minutes or less, like each 'Lord of the Rings' film. But way to wring money out of movie-going and DVD-collecting audiences.Jackson Returns to The Hobbit
Lord of the Rings filmmaker set to produce two more Tolkien-based flicks.
December 18, 2007 - Peter Jackson, director of New Line's wildly successful Lord of the Rings trilogy, is officially returning to J.R.R. Tolkien's fantasy realm as producer of a two-film adaptation of The Hobbit.
Jackson and New Line had been at odds after the filmmaker sued the studio claiming that he hadn't gotten a fair share of profits on The Fellowship of the Ring. At one point the dispute even erupted into a public war of words with PJ and New Line honcho Bob Shaye trading jabs in the press. But it appears that the prospect of another big-screen blockbuster (or two) was enough to entice both sides to kiss and make up.
Now, according to press release issued this morning by New Line, Jackson and filmmaking partner Fran Walsh are set to serve as executive producer on two Hobbit movies that will be shot simultaneously. A director hasn't been picked yet, but production is set to start in 2009 with the first installment debuting on the big screen in 2010. The Hobbit's conclusion will follow in 2011.
"I'm very pleased that we've been able to put our differences behind us, so that we may begin a new chapter with our old friends at New Line," Jackson said in a statement. "We are delighted to continue our journey through Middle-earth."
MGM and New Line will co-finance the movies with New Line distributing in North America, and MGM handling overseas distribution.
The studio and filmmakers have also announced the launch of an official production blog at www.thehobbitblog.com.