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Yeah, you're porbably right. But even with all that, my mind isn't at ease still. But I still need to hear more about it. A quote from Jackson would help.
By Borys Kit and Matthew Belloni
"The Hobbit" still has not been officially greenlighted, but director Peter Jackson is in Los Angeles this week quietly meeting with actors. The casting trip, which also included stops in New York and the U.K., underscores the progress being made on a complex series of deals to bring J.R.R. Tolkien's epic fantasy novel to the big screen.
Sources say Jackson's pact with Warner Bros. to direct the two-part "Hobbit" adaptation is close to done, but the sticking point continues to be the dire financial situation at MGM, which holds half the rights to the property.
Warners, which is acting as the lead studio on the co-production, is furiously negotiating with MGM, which is being steered by a committee of creditors and financial stakeholders. Even if Warners wanted to fund the
films itself, that would require a sign-off from the somewhat rudderless MGM.
Jackson, who has been in L.A. since Saturday, is working with casting director Victoria Burrows on assembling what will likely be a large, international cast for the project.
"The Hobbit" has so far taken a bumpy road to the screen. Director Guillermo del Toro abruptly left the project in May, citing scheduling delays. Peter Jackson, who directed the megahit "Lord of the Rings" trilogy and was to serve as a producer on "Hobbit," was then recruited to direct the films. But Jackson has expressed his own concerns about timing, privately telling the studios he would not commit to the project unless the films could be fast-tracked and into theaters in 2012 and 2013.
Jackson's directing deal has not been signed but it is close, and he is proceeding like he's going to make the films. But the fate of "The Hobbit" remains very much uncertain.
t: At least something is happening!Maybe, depending on how fast WB could secure the Hobbit rights from them. But who knows how long the process of MGM's liquidation could take? Could take months. But I'd hope, given the value of the property, WB would make getting those rights a quick priority.
But I sincerely doubt they'll get turned down. Get ready for another extension.

Right on cue. MGM gets its sixth extension.
http://latimesblogs.latimes.com/ent.../07/mgm-gets-debt-forbearance-number-six.html
This one lasts until September 15th - two months before the time when they were hoping to start shooting. A 2011 release is not happening.
Dumb MGM....if this movie would happen in the next 2 years then i think del Toro wouldnt leave.

A 2011 release is not happening.
2012 is out too, bud.
