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Without reading the linked article I'm certain that The Hobbit will be made soon enough and that it will have a big budget. The tie-in to the successful LotR trilogy has made it a sure bet, or as close as one can get to that, and with the lure of a grand pay-off, any hurdles on the way will be overcome and investors will not be lacking.
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"You can always come back, but you can't come back all the way" ~ Bob Dylan
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