Godron Campbell has an article summarizing the state of play from an NZ perspective: Given that successive governments have identified the film industry as a prime catalyst of the knowledge economy, you might have expected more local media attention would be being paid to the sale of MGM, which will directly determine whether and when The Hobbit gets made here, and by whom. Taking the director’s chair on this project has implications for Peter Jackson’s career in the wake of The Lovely Bones (a failure) and King Kong (perceived by some as a failure, even though it wasn’t a commercial flop) while the sudden departure of the originally designated director Guillermo del Toro from the project has added gossip fuel to a story that already had major implications for our skills base and also (locations! locations!) for our tourism industry. More..