Another Blow To the Hobbit Movie?

[Inziladun]

I happened on this article a few minutes ago.
Basically, it says MGM is in serious need of money in order to begin work on PJ's The Hobbit.
Here is the link:

http://www.deadline.com/hollywood/exclusive-details-mgm-makes-phone-plea-to-bondholders-for-millions-to-stay-alive-both-hobbit-and-james-bond-in-peril-bondholders-tell-studio-to-go-bankrupt-mgm-calls-that-worst-possible-outcom/

[Rhugga II]

This appeared on theonering.net recently as well. The Estate was less of a problem - they just needed more money thrown at them. However, if there is no money...

[PrinceOfTheHalflings]

This appeared on theonering.net recently as well. The Estate was less of a problem - they just needed more money thrown at them. However, if there is no money...

Yes, but it's Warner Bros. (who now own New Line) that settled with the Tolkien Estate. The Hobbit movies are being made by MGM. MGM's lack of money won't prevent the settlement and might just lead to Warner Bros. buying the rights to The Hobbit.

[Mnemosyne]

Yes, but it's Warner Bros. (who now own New Line) that settled with the Tolkien Estate. The Hobbit movies are being made by MGM. MGM's lack of money won't prevent the settlement and might just lead to Warner Bros. buying the rights to The Hobbit.

Provided Warner Bros. has the money. The state of the world economy means that all studios are having to cut back on their productions. And while The Hobbit would definitely more than make back the investment that MGM or Warner Bros. would have to pay into it, they wouldn't see that money for years. We may just have to wait until the capital for making such a film exists.

On the other hand, a limited budget will certainly reduce the temptation to make the film a CGI-fest, though I was never worried on that account as soon as GDT (who uses CGI to tell a story, not the other way around) signed on...

[Gwathagor]

GDT believes that CGI is lazy film-making and only uses it when absolutely necessary. Yet another reason why he is my hero.

[Mnemosyne]

GDT believes that CGI is lazy film-making and only uses it when absolutely necessary. Yet another reason why he is my hero.

Yes. And I think that's why, when he does use it, he uses it so effectively.

[Gwathagor]

Yes. And I think that's why, when he does use it, he uses it so effectively.

Certainly.

[Rhugga II]

From The Hollywood Reporter:

"MGM has secured support from key lenders to allow the studio enough cash to proceed with its participation in 'The Hobbit.' " (http://www.hollywoodreporter.com/hr/content_display/film/news/e3i1c9f6a73741ca4f5c5f9ce39ee317c23)

[skip spence]

Without reading the linked article I'm certain that The Hobbit will be made soon enough and that it will have a big budget. The tie-in to the successful LotR trilogy has made it a sure bet, or as close as one can get to that, and with the lure of a grand pay-off, any hurdles on the way will be overcome and investors will not be lacking.

[Nerwen]

Hello,

I am Smith.

Not *gasp* Agent Smith?:eek:

[Mithalwen]

More Agent Spambot... :D

[Mnemosyne]

Back on topic, apparently now production's been pushed back to 2012...

http://www.theonering.net/torwp/2009/12/01/34462-the-hobbit-pushed-to-2012/

[Mugwump]

Gee, I hope it's released before my birthday (December 21) of that year, when the world is supposed to come to an end. ;)

[FeRaL sHaDoW]

Gee, I hope it's released before my birthday (December 21) of that year, when the world is supposed to come to an end. ;)

So the race is on, to complete the movie before the end of the world....

[davem]

This delay was pointed up as a real possibility a year back & I posted about it then. http://forum.barrowdowns.com/showthread.php?t=15215 My suspicion at the time was that it was true, & it looks to be the case now.