Sharon Waxman at has posted an exclusive on her blog, Wax Word, that a deal for Peter Jackson to direct “The Hobbit” is all but complete:

“Now his deal is all but complete, according to individuals close to the project. Both Jackson’s directing fee and percentage of the gross have been settled, though a number of lesser deal points remain outstanding.”

Confirmation that PJ will be adding the director role to his writing and producing duties can’t come soon enough for fans who have been hoping PJ would take over the director’s role for since Guillermo Del Toro announced earlier this year that he was vacating the position. The pieces are falling into place for “The Hobbit” to get back on track!