Peter Jackson is Officially the Official ‘Hobbit’ Director

I’m not going to discuss this too in-depth, especially considering nothing new is learned here that hasn’t been untitled sequel have received the greenlight.

Today the announcement was made by New Line president and COO Toby Emmerich, Warner Bros. president and COO Alan Horn, and MGM co-CEO Steve Cooper announcing the two films will begin principal photography in February 2011, under the direction of Peter Jackson.

Perhaps the only newsworthy aspect of anything closely related to this story is the ousting of Mary Parent who’s served as Chairman of the Motion Picture Group and Co-CEO at MGM since April 2008. This comes as MGM is preparing to enter a pre-packaged bankruptcy while eying proposals from Spyglass and Lionsgate as the studio still faces a troubling $4 billion debt.

Beyond all that, I’l leave you to examine the press release if you are interested.

The two films based on The Hobbit are now greenlit and will begin principal photography in February 2011, under the direction of Peter Jackson, it was jointly announced today by Toby Emmerich, President and Chief Operating Officer, New Line Cinema, Alan Horn, President and Chief Operating Officer, Warner Bros. and Steve Cooper, co-Chief Executive Officer of Metro-Goldwyn-Mayer Inc.

“Exploring Tolkien’s Middle-earth goes way beyond a normal film-making experience” Jackson says, “It’s an all-immersive journey into a very special place of imagination, beauty and drama. We’re looking forward to re-entering this wondrous world with Gandalf and Bilbo – and our friends at New Line Cinema, Warner Brothers and MGM.”

“Peter is a filmmaker of incomparable ability; having him return to Middle-earth to produce and direct is a dream come true. A true original, Peter is a gifted story-teller, visionary director and pioneer in film technology,” said Emmerich. “Reuniting with Peter, Fran and Philippa truly makes it feel like we are going ‘there and back again.'”

“There is no human being on the planet as qualified as Peter Jackson to direct these films,” said Horn. “Peter is incredibly talented and has the creative vision and experience to bring this beloved property to life in a way that no other filmmaker could. And the team of Fran Walsh and Philippa Boyens has proven through their work on the Lord of the Rings trilogy that no one is more skilled at transforming Tolkien’s written words into a vibrant, living language that makes the audience believe they are not merely visiting Middle-earth, but actually living in it. We couldn’t be more thrilled and look forward to seeing The Hobbit take shape under Peter’s stewardship and the team he is putting together.”

“MGM is excited to move forward and add to the successful Lord of the Rings franchise,” said Cooper. “Under Peter’s direction, the films will undoubtedly appeal to fans of the original Lord of the Rings trilogy and also bring the stories to a new generation of fans.”

Jackson, who directed all three Lord of the Rings films, will helm the two films back-to-back, telling the story of The Hobbit in two parts. Jackson will utilize groundbreaking visual effects and his incomparable story-telling to bring J.R.R. Tolkien’s novel to the big screen. Both Hobbit movies will be filmed in Digital 3-D, using the latest camera and stereo technology to create a high quality, comfortable viewing experience. Jackson also co-wrote the screenplays with Fran Walsh, Phillipa Boyens and Guillermo del Toro.

The Hobbit is being co-produced by New Line Cinema and MGM, with New Line managing production, Warner Bros Pictures handling domestic distribution and MGM distributing internationally. Peter Jackson, Fran Walsh and Carolynne Cunningham are producing the films, with Phillipa Boyens as co-producer and Ken Kamins as executive producer.

The Oscar-winning, critically acclaimed Lord of the Rings trilogy grossed nearly $3 billion worldwide at the box office. In 2003, Return of the King swept the Academy Awards, winning all of the 11 categories in which it was nominated, including Best Picture – the first ever Best Picture win for a fantasy film. The trilogy’s production was also unprecedented at the time.

Previous expectation was to have the first film hit theaters in December 2012 and the sequel in December 2013 and Martin Freeman (BBC’s “The Office,” The Hitchhiker’s Guide to the Galaxy) is still said to be the front runner for the role of Bilbo Baggins even though he has already admitted to turning down the role due to scheduling issues. The Telegraph has a recent interview with the actor in which he says he turned down the role “with a heavy heart”, but still hopes there might be a way of resurrecting the part, dates permitting. “If something could be worked out, that would be great.” Perhaps things can be worked out.

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