“The Hobbit” is still on hold.

A report in the New Zealand Herald quotes a spokesman for director-producer Peter Jackson as saying, “Warner Brothers are running financial models about the costs of shooting in a variety of countries. We expect a decision is still a week or two away.”

This came despite a meeting today between union and management representatives, which a statement characterized as “a useful and productive discussion.” Jackson’s spokesman told the Herald that the “Hobbit” situation remained unchanged following the meeting. More..