Los Angeles Times | Oct. 1, 2010 1:00 p.m. PT

'The Hobbit' finally close to getting greenlight

After several years of delays that have frustrated eager fans, moviegoers
may soon return to Middle-earth.

Warner Bros., its subsidiary New Line Cinema and partner Metro-Goldwyn-Mayer
appear to be close to giving a final go-ahead for production of the hugely
anticipated two-part "Lord of the Rings" prequel, "The Hobbit," according to
several people familiar with the matter.

Production on the two pictures to be directed by Peter Jackson, which
together will cost nearly $500 million, is expected to begin in January in
order for the first film to be released in December 2012.

More soon at: 
http://lat.ms/8QqJP<http://link.latimes.com/r/KCUBQP/3QB22/Y75UZ4/TTOD9/QN0I0C/QR/h>


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