‘The Hobbit’ Gets The Greenlight

Peter Jackson’s The Hobbit has finally gotten the greenlight. The two movies will start production in February.

“In the final agreement this week, Jackson’s deal was finalized and MGM and Warner Bros. agreed to give the project its greenlight,” says sources.

Sets are already built in New Zealand and actors have been on hold for months.

As for those pesky labor issues reports are that it’s now “in the hands of Warner Bros. despite a ‘useful and productive’ meeting today between filmmakers and Actors Equity.”