The Hobbit Update - A big deal is in the works

According to New York News Daily, a big screen version of The Hobbit could be closer than we think (thanks to Wizard News for the link). NBC is looking to buy MGM Studios. What does that mean to a possible hobbit adventure some time in the near future?

"An MGM deal would help Time Warner - which backed the hugely successful "Lord of the Rings" trilogy - make a movie based on J.R.R. Tolkien's "The Hobbit," said Robert Routh, analyst at Natexis Bleichroder."

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