LOTR Prequel (The Hobbit) in the Works

NEW YORK (AP) - Peter Jackson won't be returning to the Shire any time soon. The Oscar-winning director is planning to film "The Hobbit," the prequel to "The Lord of the Rings," trilogy by J.R.R. Tolkien, but two studios must first fight over legal rights to the film. Jackson said New Line Cinema has the rights to make the movie, but MGM has the rights to distribute it. "I guess MGM's lawyers and New Line's lawyers are going to have a huge amount of fun over the next few years trying to work it all out," he told reporters recently in Los Angeles, according to AP Radio. "I'm obviously busy for a couple of years on 'King Kong' so those lawyers can just go at it for a long time." "The Hobbit" tells the story of Bilbo Baggins, who found the ring and eventually passes it on to his nephew, Frodo Baggins. Frodo's journey to Mount Doom to destroy the ring is the basis for the "Rings" books and films... Source: My Way News

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