Sci-Fi Storm

Warner Bros. will fund, distribute The Hobbit

by on Jan.06, 2011, under Movies

It’s been a while since we heard news, but things are again moving forward for The Hobbit, with Warner Bros. taking over world wide theatrical and video distribution of both parts, while MGM retains international television licensing. In the process, it is reported that WB will foot the bill for the production – which is estimated in the $500 million range.

This is hopefully the last hurdle as MGM escapes bankruptcy and the long-dwelling epic production can get moving. Hopefully we’ll hear some final casting announcements (Ian McKellan still isn’t confirmed, and I’m hearing rumors of others returning although how I’m not sure) and production start can be firmly scheduled for the Spring.


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