After years of squabbling amidst the creators of The Lord of the Rings film trilogy and New Line Cinema (Time Warner, NYSE: TWX), nowadays comes wonderful news that Peter Jackson and Fran Walsh have agreed to create not one, but TWO new hobbit movies! The prequels will be produced and distributed by New Line Cinema and MGM, and are slated for release in 2010 and 2011.

The first will be based on J.R.R. Tolkien’s earlier work, The Hobbit, which chases Bilbo Baggins as he discovers the ring that becomes the macguffin of the record-breaking trilogy. Along the way, we

will again come across Gandalf, as well as a dozen dwarves, two trolls and one very angry dragon.

The plot of the moment film, meant to bridge the story gap amoung The Hobbit and Lord of the Rings, will be stitched together from the volumunous notes Tolkien made for his history of Middle soil. I’m pleased that Jackson and Walsh are heading that effort, since they have shown that they respect Tolkien’s vision.

I can’t wait to follow them there and back again, again.

Original post by Tom Barlow

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