[Lotr_announce] Source: MGM situation of 'great importance' to 'The Hobbit' films

[Michael Regina]

http://tinyurl.com/ygdotcs 

TheOneRing.net has received rock-solid information from an absolutely
reliable source that the MGM financial situation is indeed what is behind
the delays of the start of "The Hobbit."

The venerable film studio behind James Bond and about 4,000 other titles is
reported to be in about $3.7 billion in debt but holds the distribution
rights for two "Hobbit" films that are under contract to be made by Warners
Bros. The two studios have an agreement in place to produce and distribute
the film but financial difficulties for MGM, including the potential sale of
the studio and its holdings, including rights to the films based on the book
by J.R.R. Tolkien, has delayed the films.

The source inside the production has told TheOneRing.net that all of the
wrangling with MGM is indeed a significant part of possibly pushing the
films back.

"At this stage we are all working and hoping for the best case scenario.
Without a doubt, the MGM situation carries great importance."

Conflicting reports list the first of the films' release in 2011 as well as
2012. Studio and other sources told TORn that 2012 is a foregone conclusion
but some involved say there is still hope for 2011.

Read More Here: http://tinyurl.com/ygdotcs 

All the best,

Michael Regina
Editor in Chief - TheOneRing.net
PH: 514.947.5221
xoanon at theonering.net