The Hobbit in July 2007?

[The Saucepan Man]

Originally Posted by Sauron the White

New Lines rights expire within 18 months. There is no way they can make and release a first class blockbuster film heavy in CG and special effects in that time.

It depends upon the precise terms of the option agreement. New Line might be able to secure the option simply by commencing production within 18 months.