A source has told the New Zealand Herald that attempts by the Council of Trade Unions to settle disputes between producers of “The Hobbit” and actor’s unions have failed.

The story also details the progress that MGM is making with leadership and finances to reach a point to greenlight the two-part adaptation of J.R.R. Tolkien’s works. The story, with newer and better information than is being regurgitated by countless websites, can be found here. And as always, stay tuned for the best and latest info!