Guillermo del Toro: Walking away from ‘The Hobbit’ the ‘biggest heartbreak’ of his professional life “Pan’s Labyrinth” director Guillermo del Toro calls his stunning decision to walk away from directing the highly-anticipated The Hobbit film “the biggest heartbreak of his life professionally” in an interview with Entertainment Weekly, but adds, “At the same time, I’m entirely at peace with it.”

Additionally, del Toro states that he plans to announce his next big upcoming project immediately after he appears at Comic-Con to preview his Katie Holmes-starring horror film Don’t Be Afraid of the Dark. “It’s a pretty big one,” he says. Already there is speculation that it could be his long-rumored Frankenstein remake, which del Toro says he’s “always been interested in.”

As MGM, the studio owning half of the rights to The Hobbit, faces monetary problems and an uncertain future, Peter Jackson (director of the original Lord of the Rings trilogy) is in talks to take over the directing job before the studio’s debt waiver expires this month.

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