Guillermo Del Toro departs “The Hobbit”


May 30th, 2010 by xoanon | Discuss

Guillermo Del Toro announced today that he is no longer directing the two movies based on J.R.R Tolkien’s “The Hobbit”, but will continue to co-write the screenplays. Out of respect to the legions of loyal Tolkien fans, both Guillermo and Peter Jackson wanted to break the news to The One Ring first. They are both committed to protecting The Hobbit and will do everything in their power to ensure the films are everything that the fans want them to be.

“In light of ongoing delays in the setting of a start date for filming “The Hobbit,” I am faced with the hardest decision of my life”, says Guillermo. “After nearly two years of living, breathing and designing a world as rich as Tolkien’s Middle Earth, I must, with great regret, take leave from helming these wonderful pictures. I remain grateful to Peter, Fran and Philippa Boyens, New Line and Warner Brothers and to all my crew in New Zealand. I’ve been privileged to work in one of the greatest countries on earth with some of the best people ever in our craft and my life will be forever changed. The blessings have been plenty, but the mounting pressures of conflicting schedules have overwhelmed the time slot originally allocated for the project. Both as a co-writer and as a director, I wlsh the production nothing but the very best of luck and I will be first in line to see the finished product. I remain an ally to it and its makers, present and future, and fully support a smooth transition to a new director”.

“We feel very sad to see Guillermo leave the Hobbit, but he has kept us fully in the loop and we understand how the protracted development time on these two films, due to reasons beyond anyone’s control – has compromised his commitment to other long term projects”, says Executive Producer Peter Jackson. “The bottom line is that Guillermo just didn’t feel he could commit six years to living in New Zealand, exclusively making these films, when his original commitment was for three years. Guillermo is one of the most remarkable creative spirits I’ve ever encountered and it has been a complete joy working with him. Guillermo’s strong vision is engrained into the scripts and designs of these two films, which are extremely fortunate to be blessed with his creative DNA”.

“Guillermo is co-writing the Hobbit screenplays with Philippa Boyens, Fran Walsh and myself, and happily our writing partnership will continue for several more months, until the scripts are fine tuned and polished” says Jackson. “New Line and Warner Bros will sit down with us this week, to ensure a smooth and uneventful transition, as we secure a new director for the Hobbit. We do not anticipate any delay or disruption to ongoing pre-production work”.

The Hobbit is planned as two motion pictures, co-produced by New Line Cinema and MGM. They are scheduled for release in Dec 2012 and Dec 2013.

Wasn't this in the news forum several days ago?

Almost one month after Guillermo del Toro dropped out of directing "The Hobbit," "Lord of the Rings" director Peter Jackson is in talks to helm the two films in the franchise. While we wait for the studios involved or Jackson's manager to confirm, there are lots of questions that remain before "The Hobbit" can actually begin production, let alone reach the big screen.
First, MGM, the debt-laden studio that owns 50 percent of the rights to the classic tale, is facing an uncertain future. The studio failed to attract bids high enough to satisfy its creditors during an auction earlier this year, and the latest plan may see Spyglass Entertainment running the studio in a prepackaged bankruptcy, according to the Wall Street Journal.
Talks are continuing and no decision has yet been made, though some resolution is needed before the studio's debt waiver expires in mid-July. Some Hollywood insiders question whether production could actually proceed if there's a chance that those rights could wind up in bankruptcy court along with the rest of MGM's assets (it's the same reason why the "Bond" franchise is tied up since MGM owns half of those rights, too), but sources close to the "Hobbit" project insist that MGM's financial woes aren't a factor in this production.
The other issue to consider is how much money the studios can offer Jackson. Saul Zaentz, Harvey Weinstein, and the Tolkien estate are all gross participants in the "Hobbit" movies -- meaning they get a share of the profits right off the top. Jackson will also receive a part of the pie for his producing efforts, but adding director to his title card greatly increases his right to the revenue generated from the movies. How much can the studios pay and will they even be able to get this thing up and running with MGM's future so uncertain?

The Hobbit has finally been given the "green light" by MGM/Warner Bros.
http://abcnews.go.com/Entertainment/wireStory?id=11895974

Mark

Warner Bros. and MGM have reached a deal allowing MGM to cover its half of the production, estimated to cost a total $500 million, which includes the costs of shooting in 3D, sources told show-business newspaper The Hollywood Reporter.