“The Hobbit” no closer to starting, according to Guillermo del Toro

Hollywoodnews.com: “Lord of the Rings” fans patiently waiting for good news tied to Guillermo del Toro’s announced adaptation of J.R.R. Tolkien’s “The Hobbit” might have to wait a little bit longer.

“It’s not greenlit,” del Toro told a room full or reporters covering a press conference for “Splice,” which del Toro produced. The problem, according to ComingSoon.net, appears to be tied to the financial issue plaguing MGM.

“We’ve been caught in a very tangled negotiation,” said del Toro. “There can not be any start dates until the MGM situation gets resolved. They do hold a considerable portion of the rights.”

Talking more about “The Hobbit,” del toro said filming the two-part saga in 3-D remained a possibility, but that the option had only been discussed “literally once” by the filmmakers and is not part of the plan right now.

Part one of “The Hobbit” was supposed to be in theaters in 2012, but unless the sticky MGM situation resolves, expect that release date to be pushed back.

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