You’d think over $1 billion in U.S. box office and three Oscars would add up to something right? Not if you’re Peter Jackson. The mastermind behind the “The Lord of the Rings” phenomenon is currently in the middle of a bizarre turf war over who controls J.R.R. Tolkien’s prequel to the series, “The Hobbit.” Not surprisingly, fans have been salivating at the idea of Jackson returning to helm an adaptation of the beloved novel. It didn’t seem to be a real possibility until MGM announced a few months ago it was going to team up with New Line to make the movie. Complicating matters was that MGM has long owned the rights to release any feature adaptation of “The Hobbit,” but New Line is currently the only entity who can produce it. Confused? Unfortunately, it gets more complicated. [More]

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