The Hobbit Update
What about The Hobbit, Tolkien's own precursor to "The Lord of the Rings"? New Line has production rights although the situation is complicated by MGM/UA's distribution ownership. "There's a reasonable possibility that we can negotiate an arrangement," New Line co-chairman Bob Shaye says. The studio also has the rights to create its own original prequel or sequel to "The Lord of the Rings," but would pursue the projects only if Jackson would be involved again.
From comingsoon.net 😄