Will MGM’s creditors sell the studio or run the studio? The waiting, figuring and speculation continues. No matter which option they choose, debtholders must realize that Guillermo del Toro walking away from the project because of the delayed greenlight was another loss to the value of the venerable studio. Scrambling for a new director or forcing Peter Jackson to sit in a director’s chair he passed on isn’t ideal for anybody’s bottom line. www.businessweek.com breaks down the latest figures, rumors and actions of the studios and lenders involved. Tom Cruise even manages to get mentioned in the story. Read and learn! Thanks to message board member Pipeline Pipe Dream for finding the story.
Category: Peter Jackson
From Jenna Busch: While we were all out having picnics and honoring the veterans, there was some breaking news about the upcoming films based on ‘The Hobbit.’ And it was big! After I got over the shock (and my sunburn), I called someone who is in the know about the whole thing. I’ll give you all the info.
Linuxelf sends along a video from New Zealand TV’s Breakfast show featuring a story about GDT and the fate of The Hobbit. More..
In case you were unplugged and off the information grid all weekend, TheOneRing.net broke the story that Guillermo del Toro has stepped away from directing duties on two planned (hoped for) films based on J.R.R. Tolkien’s “The Hobbit.” We are assured (by one of the super-good inside sources) that GDT’s DNA in the form of script and design and pre-viz work will remain in place, new director willing. And why would they find a director who isn’t willing or wants to revisit the same work?
After getting over the shock and feeling the loss of our message board member’s departure, and wishing him all the best, the question now becomes: Who will direct “The Hobbit”? We have some ideas and maybe even some insights. Continue reading “Who will helm ‘The Hobbit’?”
Sir Peter Jackson says he will step into the breach and direct The Hobbit himself if it becomes the only way to ensure the US$150 million (NZ$219m) film is made after the sudden departure of director Guillermo del Toro.
Wellington Chamber of Commerce has said that the film is worth “many millions of dollars” to Wellington’s economy and further delays may mean the film does not start shooting until next year.
Del Toro announced yesterday he had quit the The Lord of the Rings prequel over frustration with repeated delays. He had commitments to other films and said his resignation was “the hardest decision I’ve ever taken”. Read more
With all the traffic TORn has been getting since the GDT resignation story first broke, we were not able to post this podcast in a ‘hasty’ manner. But now that things are a ‘bit’ slower, here’s TORn’s very own Quickbeam with reaction to the news that Guillermo del Toro has resigned from The Hobbit project.