Hmmmmmm... This article is a bit odd. Why? Well because according to everyone involved in the project that I have corresponded with, Peter Jackson was working on LORD OF THE RINGS and couldn't do THE HOBBIT, because the video rights were tied up at MGM. So the only studio that would do THE HOBBIT would naturally be MGM, but MGM ain't doing that...are they? Hmmm.... Also rumors have been hitting me about how Peter Jackson had moved away from the unnamed Tolkien project, and was now looking at doing a Mt. Everest tale. Strange. We'll just have to wait and see what develops, eh?
