The Hollywood Reporter, is, you guessed it, reporting that the debtholders of MGMs $3.7 billion shortfall may vote to give the studio’s restructuring team a fifth chance to cover its debt.

The folks who gave the loan weren’t satisfied with the sales bids which included the reportedly highest offer from Time Warner at $1.7 billion. According to the story (which contains a super annoying AT&T banner add): “The proposal is expected to pass, giving MGM at least another several weeks to work on its restructuring.”

What does this mean for the two potential Hobbit movies? Continue reading “A fifth extension on MGM’s debt?”

Quint over at Aintitcool has a report that Australian Jack Thompson is “up for Thorin in The Hobbit”. The writer labels it a “rumor” so don’t jump to any conclusions and being “up for” a film probably means he has or will have an audition.

The pair of films based on “The Hobbit,” are waiting for a greenlight from the studios because one of the 50 percent owners of the potential revenue (MGM) has its future up in the air. Continue reading “What Thorin might look like”

Michael Pellerin has long been a much admired figure for his work on the standard-setting “Lord of the Rings” Extended Edition DVDs and his contributions to our sister site “KongIsKing.net” where you can still see the final goodbye from the production diaries. He is a key figure in what the world knows about the whole LOTR production. With the release of the movie trilogy on Blu-ray, Pellerin has turned in a written account that covers a lot of ground that only he is in a position to explain. It is a great read, full of interesting information:
Such as:

“Peter (Jackson) and I began talking about LOTR on HD as far back as 2001 – during the making of the films. As we knew the film would eventually be released in some yet-to-be-determined HD format, we began planning The Lord of the Rings HD Box Set from the very beginning, nearly a decade ago.”

And this bit about the ultimate box set which does not yet exist:

“We had made a very conscious decision to make everything on the original Appendices Supplemental discs very specifically about the technical process of making the three films, as told by the many, many voices of the people who made them. Therefore, anything that was not specific to that goal, or approach, we saved for the Box Set.”

His own words can be read right here, so enjoy and thanks to message board members Patty and Oscarilbo for finding the interview.

(CNN) — Before “The Lovely Bones,” the aughts had been a charmed decade for Peter Jackson.

It began with the one-two-three punch of the “Lord of the Rings” trilogy, a juggernaut that grossed almost $4 billion worldwide at the box office and won 17 Oscars — 11 of those, including best picture and best director, for the final chapter, “The Return of the King.”

Jackson followed “Rings” with his 2005 remake of “King Kong,” which was another huge success both at the box office and with critics. He donned his producer’s hat for 2009’s “District 9,” a low-budget South African film that made $200 million worldwide and was nominated for best picture. [Read Full Story]

In an interview with The Wall Street Journal, Peter Jackson, Executive Producer of the upcoming Hobbit films says of the films’ behind-the-scenes footage that “We’ve been filming DVD material for about a year. Guillermo has been doing location scouts and design work, with the DVD people following him around, so we’ve shot 20 or 30 hours of DVD material so far and we’re still a few months away from the first day of shooting.”

Asked about converting the LOTR films to 3D, he says, “You can do [2D to 3D] conversions well if you take time. If you do it quickly, fast and cheap, it’s not going to turn out well. If we were going to convert LOTR, I’d want to do it properly, which would be a very long, time-consuming, and expensive process.”

Lastly, his opinion on the not-so-positive fan reaction to the recently released Theatrical BluRay version seems to jibe with the majority of the fans. “I agree with the fans”, he says. “I was heavily involved in the DVD process when the films were being released through New Line, but now that Warner Brothers has taken control over the releasing of the films, they just tell me what they’re doing and don’t involve me in the process. [With New Line,] the one thing we never did with the fans was make them feel cheated. Back in the original release, we always put extra material in, extra documentaries — a lot of added value. I so totally understand why the fans would be upset; I don’t disagree with them.”

Read the entire interview over at The Wall Street Journal.

Thanks to Patty on our message boards for alerting us to this interview.

Moviefone scored an interview with Peter Jackson about the pair of ‘Hobbit’ movies that have been burning up internet bandwidth as every site remotely related to popular culture has been scrambling to get the lowdown on what in the devil has been going on. Director Guillermo del Toro has feed us information on our message boards and we have some reliable sources, but producer Jackson set the record strait on a couple of important facts:

* He says the 2nd script is now finished. “So the studio’s got both scripts now, which is a milestone,” said Jackson.
* The two movies haven’t been “delayed” because they never had a schedule
* No actors have been cast because the film hasn’t received a greenlight from the studios
* He confirmed our report about the MGM situation slowing up the start of production

You can read the whole story right here. Thanks to Magpie on our message boards and the blog of TORn friend Doug Adams on his LOTR music blog.