Pj To Produce The Hobbit!

[Child of the 7th Age]

This was posted on the OneRing.net that took it from IMBd, which apparently took it from a blog. If this is true (and who knows if it is), I'm not sure what difference it will make in the production of the Hobbit. Has anyone heard anything else about this?

Golden Parachutes for New Line Founders?


Following a planned meeting this week with new Time Warner Chairman Jeff Bewkes, New Line Cinema founders Bob Shaye and Michael Lynne are expected to be terminated and New Line's projects, including The Hobbit, folded into Warner Bros., L.A. Weekly columnist Nikki Finke reported on her Deadline Hollywood Daily blog Monday, citing no sources. With the exception of last year's Hairspray, New Line has had a nearly uninterrupted string of financial failures since its Lord of the Rings franchise ran out.