Warner Bros Taking WW Distribution (And Paying For) ‘The Hobbit’

Mike Fleming

UPDATE: I’ve learned that Warner Bros will, in fact, pay the entire cost of the two installments of The Hobbit, a price-tag that is expected to exceed $500 million. Now, the question will be which cast members from … Read More »

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New Zealand Passes “Hobbit” Deal: Opposition MPs Call It “Day Of Shame”



The New Zealand parliament has passed emergency legislation ensuring that the 2 back-to-back Hobbit films get made in the country. The legislation bypassed usual parliamentary committees, prompting New Zealand MPs to call it a “day of shame.” One held up a … Read More »

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Official: ‘The Hobbit’ Stays In New Zealand

Producer/director Peter Jackson is celebrating. Warner Bros executives were locked in negotiations all day with New Zealand government leaders. Then Prime Minister John Key announced at a press conference tonight that The Hobbit back-to-back movies will be made in New Zealand. … Read More »

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Peter Jackson Bares ‘The Hobbit’ Dispute

Mike Fleming

Warner Bros and Peter Jackson next week will try to hash out whether the $500 million budget for back-to-back The Hobbit films will stay in New Zealand or move elsewhere. Meetings are planned that will involve Prime Minister John Key. … Read More »

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Peter Jackson Directing ‘The Hobbit’? TOLDJA!

Mike Fleming

I saw yesterday’s breathless reports that Peter Jackson is close to a deal to direct The Hobbit – and I am bewildered how anyone slaps an “exclusive” tag on a story Deadline broke back on June 25th. That’s when Jackson … Read More »

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Can ‘The Hobbit’ Wait For MGM Decisions?

Mike Fleming

MgmlogosmallEXCLUSIVE: My recent scoop that Peter Jackson is negotiating to direct the two installments of The Hobbit is probably the best news for debt-laden MGM in years. But the development has put extra pressures on the beleaguered studio backers. Because making a 2-picture directing deal with the Lord Of The Rings director is no easy feat. I’m told that 30% of the gross is already committed to various participants, including Jackson (just for writing and producing!). peterjackson-9He and Fran Walsh don’t work cheap, and they once got $20 million against 20% of gross from Universal to direct King Kong (Jackson, who can’t get enough of Kong and just oversaw the renovation of the ape attraction on the Universal backlot). Insiders tell me that gross participants are right now being asked to make adjustments so that MGM and its partner, Warner Bros, can finance the film and make money. Creative deals are becoming routine on sequels like Men in Black, but they aren’t easy. There’s no certainty that MGM creditors will respond to the urgency that Jackson’s reps are ready to make a deal. Read More »

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