The big-budget movie adaptation of The Hobbit is a long way from coming out. For a while, it has seemed like it was a long way from starting production. Not surprising, however, when you consider the director has changed, the owner of the rights (MGM) is in bankruptcy and there is still no Bilbo Baggins. There may be some good news leading to production gearing up in the next few months.
The biggest problem is a lack of funding from a production company that has gotten so invaluable that Disney renamed one of their parks - Metro Goldwin Meyer, better known as MGM. Spyglass has been trying to figure out how to keep MGM afloat long enough to finish the movies and, according to TheOneRing, there might be a solution:
According to our spy, if things go well with MGM and Spyglass in the next few weeks, ‘The Hobbit’ will head to production in January, pending negotiations with Freeman and filming could tie up actors for a year. (January happens to be an excellent weather month to shoot at the Hobbiton set.)
For more on the production, follow the break.