Another Blow To the Hobbit Movie?

[Mnemosyne]

Originally Posted by PrinceOfTheHalflings

Yes, but it's Warner Bros. (who now own New Line) that settled with the Tolkien Estate. The Hobbit movies are being made by MGM. MGM's lack of money won't prevent the settlement and might just lead to Warner Bros. buying the rights to The Hobbit.

Provided Warner Bros. has the money. The state of the world economy means that all studios are having to cut back on their productions. And while The Hobbit would definitely more than make back the investment that MGM or Warner Bros. would have to pay into it, they wouldn't see that money for years. We may just have to wait until the capital for making such a film exists.

On the other hand, a limited budget will certainly reduce the temptation to make the film a CGI-fest, though I was never worried on that account as soon as GDT (who uses CGI to tell a story, not the other way around) signed on...