Will The Hobbit End Up at Time Warner? - ComingSoon.net

"Variety reports that it is looking more and more likely that Time Warner, which owns Warner Bros. Pictures and New Line Cinema, will swoop in and purchase MGM, after Sony was unable to construct a final offer for the company... Buying MGM would give Time Warner a nice little bonus - worldwide theatrical and television rights to J.R.R. Tolkien's The Hobbit. New Line, which has released "The Lord of the Rings" trilogy, would be able to pursue the film after all, if things work out..."Rings" director Peter Jackson, who's currently working on Universal's King Kong, has continued to show interest in making The Hobbit as well..." CLICK HERE for the entire story!
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