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Peter Jackson, “The Hobbit” button up behind-the-scenes deals with studios


By Sean O’Connell
Hollywoodnews.com: A financial deal has been put into place that provides the investment MGM needed to put behind Peter Jackson’s planned adaptation of J.R.R. Tolkien’s “The Hobbit.”

As part of the deal, Warner Bros. receives international theatrical rights to distribute the pictures when they come out in 2012 and 2013. Since Warner/New Line already owned domestic distribution rights, this gives the studio the ability to collect a worldwide distribution fee, according to THR. In addition, Warner secures home-video rights to the titles, which should prove lucrative.

MGM, which needed Warner’s financial assistance to complete its end of the deal, holds on to international television licensing rights, while the studios jointly will collaborate on marketing and release plans.

Part one of Jackson’s “Hobbit,” which will be filmed in New Zealand, will be in theaters in 2012.

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About Sean O'Connell

Sean O'Connell is a nationally recognized film critic. His reviews have been published in print ('The Washington Post,' 'USA Today') and online (AMC FilmCritic.com, MSN's Citysearch) since 1996. He's a weekly contributor to several national radio programs. He is a longstanding member of the Broadcast Film Critics Association (BFCA), the Online Film Critics Society (OFCS), and the Southeastern Film Critics View all articles by Sean O'Connell Association (SEFCA).

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