Notes Deadline, "In what amounts to a dream come true for fans of Middle Earth, Peter Jackson has decided to direct two installments of The Hobbit, trusted sources are telling me. His deal is being negotiated right now with Warner Bros , New Line and MGM. He will shortly take the reins over from Guillermo del Toro, after extricating himself from other project obligations that caused Jackson and manager Ken Kamins to initially deny he would be the director. While Jackson’s camp has been tight-lipped, I’m told that Jackson as director has been part of the discussion in trying to get MGM’s owners to do what is needed to make the back-to-back films possible for an end of the year shoot."
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