Ringer spy Earl provided a story hot of the presses from the Los Angeles Times that says MGM’s management is no longer in control of the studio’s fate and that debtholders are now the decision makers.

The MGM Saga is developing into a film-worthy drama all its own (one that will never get a greenlight) and the article states: “The internal divide and lingering uncertainty demonstrate how tortured MGM’s reorganization process has been and how the balance of power has shifted from management to lenders.

For fans this means that non-entertainment types are now calling the shots and how that plays out is completely unpredictable. There is one tidbit about the two movies based on J.R.R. Tolkien’s “The Hobbit” to be directed by Guillermo del Toro and produced by Peter Jackson:
Though Time Warner’s bid has not been officially rejected, people at the media giant’s Warner Bros. studio have been frustrated by the protracted process, in part because it and MGM co-own the rights to movies based on J.R.R. Tolkien’s “The Hobbit,” which are currently in development.

The article explains a lot more of the intricacies of what is going on. How does this fit with the report that filming will start in November? We have our feelers out and will update you as soon as we hear anything definite.

LA Weekly columnist Nikki Finke seems to have some new information that even the Eagles, ahem, the rest of the inerweb hasn’t caught wind of yet. Reporting over at Deadline.com on Peter Jackson’s plans for the new King Kong 360 3D attraction at the Universal Studios Hollywood studio tour, she digresses to update fans on a few things “Hobbit”, all of which seem to indicate that serious matters are ongoing even as we wait and watch and speculate.
On The Hobbit front, I’m told that both scripts are in, that discussions are underway right now to determine if they’ll shoot in 3D. (I think it’s inevitable). They will set everything in place in a New Zealand powwow next month, and then casting will begin for a November start.
There seems to be no indication that the uncertainty surrounding MGM’s situation is impeding the progress on these films in any way (yet), but as reported recently by the Wall Street Journal and by our friend and messageboard member Kristin Thompson over at her blog The Frodo Franchise, MGM’s creditors do indeed seem to be close to a plan to resolve the studio’s financial woes.

From CraveOnline: “King Kong” will re-emerge in July as a new signature attraction created under the direction of Peter Jackson on the famed Universal Studios Hollywood Studio Tour. “King Kong 360 3-D” will combine thrilling visceral effects with the world’s largest Surround Digital projection system to create a next-generation theme park experience.

CraveOnline has posted this exclusive clip featuring Jackson talking about the mythology and story behind the attraction and how the attraction will work.

Nobody has been cast in “The Hobbit,” but there are some clues that despite not being able to hire anybody, plenty of auditions are taking place. The latest example is Caroline Grace-Cassidy for the role of Primula. We aren’t announcing that she has been cast, only that she visited Los Angeles for an audition with “Lord of the Rings” casting director Victoria Burrows back in March. It might be notable that this is beyond “send in a tape” or auditioning in the UK where she is based so it could even be a second audition or an in-person follow up to a previous recorded reading. Click inside to see a larger shot and more discussion. Continue reading “Primula and other casting news / clues for ‘The Hobbit’”

Universal City, California–King Kong, among the screen’s most powerful and enduring icons, will re-emerge in Summer 2010 as a new signature attraction created under the direction of Peter Jackson on the famed Universal Studios HollywoodSM Studio Tour.

“King Kong 360 3-D” Created by Peter Jackson will be the world’s largest most intense 3D experience on the planet, combining thrilling visceral effects to create a next-generation theme park experience. Continue reading “KING KONG 360 3-D – Coming Summer 2010!”