Film: "The Hobbit"

“The Hobbit” to be released in 2010

Academy Award(R)-Winner Peter Jackson and New Line Cinema Join With MGM to Produce 'The Hobbit,' Eagerly-Anticipated Fantasy Adventure Epic

NEW LINE AND MGM TO CO-PRODUCE AND SHARE WORLDWIDE DISTRIBUTION RIGHTS

PETER JACKSON AND FRAN WALSH TO EXECUTIVE PRODUCE TWO FILMS BASED ON 'THE HOBBIT'

Academy Award(R)-winning filmmaker Peter Jackson; Harry Sloan, Chairman and CEO, Metro-Goldwyn-Mayer Studios Inc. (NYSE:MGM) ; Bob Shaye and Michael Lynne, Co-Chairmen and Co-CEOs of New Line Cinema have jointly announced that they have entered into the following series of agreements:

• MGM and New Line will co-finance and co-distribute two films, "The Hobbit" and a sequel to "The Hobbit." New Line will distribute in North America and MGM will distribute internationally.
• Peter Jackson and Fran Walsh will serve as Executive Producers of two films based on "The Hobbit." New Line will manage the production of the films, which will be shot simultaneously.
• Peter Jackson and New Line have settled all litigation relating to the "Lord of the Rings" (LOTR) Trilogy.

Said Peter Jackson, "I'm very pleased that we've been able to put our differences behind us, so that we may begin a new chapter with our old friends at New Line. 'The Lord of the Rings' is a legacy we proudly share with Bob and Michael, and together, we share that legacy with millions of loyal fans all over the world. We are delighted to continue our journey through Middle Earth. I also want to thank Harry Sloan and our new friends at MGM for helping us find the common ground necessary to continue that journey."

"Peter Jackson has proven himself as the filmmaker who can bring the extraordinary imagination of Tolkien to life and we full heartedly agree with the fans worldwide who know he should be making 'The Hobbit,'" said Sloan, MGM's Chairman and CEO. "Now that we are all in agreement on 'The Hobbit,' we can focus on assembling the production team that will capture this phenomenal tale on film."

Bob Shaye, New Line Co-Chairman and Co-CEO comments, "We are very pleased we have been able to resolve our differences, and that Peter and Fran will be actively and creatively involved with 'The Hobbit' movies. We know they will bring the same passion, care and talent to these films that they so ably accomplished with 'The Lord of the Rings' Trilogy."

"Peter is a visionary filmmaker, and he broke new ground with 'The Lord of the Rings,'" notes Michael Lynne, New Line Co-Chairman and Co-CEO. "We're delighted he's back for 'The Hobbit' films and that the Tolkien saga will continue with his imprint. We greatly appreciate the efforts of Harry Sloan, who has been instrumental in helping us reach our new accord."

The two "Hobbit" films -- "The Hobbit" and its sequel -- are scheduled to be shot simultaneously, with pre-production beginning as soon as possible. Principal photography is tentatively set for a 2009 start, with the intention of "The Hobbit" release slated for 2010 and its sequel the following year, in 2011.

The Oscar(R)-winning, critically-acclaimed LOTR Trilogy grossed nearly $3 billion worldwide at the box-office. In 2003, "Return of the King" swept the Academy Awards(R), winning all of the eleven categories in which it was nominated, including Best Picture -- the first ever Best Picture win for a fantasy film. The Trilogy's production was also unprecedented at the time.

For more information about "The Hobbit" films, please visit http://www.thehobbitblog.com/.

About New Line Cinema Corporation:

Celebrating its 40th anniversary year, New Line Cinema is the most successful independent film company in the world. Its mission is to produce innovative, popular and profitable entertainment in the best creative environment. In addition to the production, marketing and distribution of theatrical motion pictures, the fully-integrated studio has divisions devoted to home entertainment, television, music, theater, merchandising and an international unit.

In 2005, New Line partnered with HBO to form Picturehouse, a new theatrical distribution company to release independent films. A pioneer in franchise filmmaking, New Line's Oscar-winning The Lord of the Rings trilogy is one of the most successful film franchises in history. New Line is a division of Time Warner, Inc. (NYSE:TWX) .
About Metro-Goldwyn-Mayer Inc.:

Metro-Goldwyn-Mayer Inc., through its operating subsidiaries, is actively engaged in the worldwide production and distribution of motion pictures, television programming, home video, interactive media, music and licensed merchandise. The company owns the world's largest library of modern films, comprising around 4,100 titles. Operating units include Metro-Goldwyn-Mayer Studios Inc., Metro-Goldwyn-Mayer Pictures Inc., United Artists Films Inc., Ventanazul, MGM Television Entertainment Inc., MGM Networks Inc., MGM Domestic Networks LLC, MGM Distribution Co, MGM International Television Distribution In, Metro-Goldwyn-Mayer Home Entertainment LLC, MGM ON STAGE, MGM Music, MGM Worldwide Digital Media, MGM Consumer Products and MGM Interactive. In addition, MGM has ownership interests in international TV channels reaching nearly 120 countries. MGM ownership is as follows: Providence Equity Partners (29%), TPG (21%), Sony Corporation of America (20%), Comcast (20%), DLJ Merchant Banking Partners (7%) and Quadrangle Group (3%).

About Peter Jackson/Wingnut Films:

Peter Jackson is one of the world's most successful filmmakers. His monumental achievement co-writing, co-producing and directing The Lord of the Rings trilogy (with fellow Academy Award winners and frequent collaborators Fran Walsh and Philippa Boyens) earned a total of 30 Academy Award nominations and 17 Academy Awards. Jackson and Walsh received their first Oscar nomination for Best Original Screenplay for their acclaimed film Heavenly Creatures.

Jackson, through his New Zealand-based Wingnut Films banner, also was responsible for the globally successful 2005 remake of King Kong which earned over $500 million worldwide and 3 Academy Awards. Currently, Jackson is directing an adaptation of The Lovely Bones, from the acclaimed best-selling novel by Alice Sebold. He is also developing a trilogy of films with Steven Spielberg based on Tintin, the world renowned comic book series by Herge.

Source: Metro-Goldwyn-Mayer Inc.
LOS ANGELES, Dec. 18, 2007 /PRNewswire-FirstCall/ --

Film Entertainment Magazine J.R.R. Tolkien Boxed Set (The Hobbit and The Lord of the Rings) [BOX SET] (Paperback) by J.R.R. Tolkien (Author) Hobbits and wizards and Sauron--oh, my! Mild-mannered Oxford scholar John Ronald Reuel Tolkien had little inkling when he published The Hobbit; Or, There and Back Again in 1937 that, once hobbits were unleashed upon the world, there would be no turning back. Hobbits are, of course, small, furry creatures who love nothing better than a leisurely life quite free from adventure. But in that first novel and the Lord of the Rings trilogy, the hobbits Bilbo and Frodo and their elfish friends get swept up into a mighty conflict with the dragon Smaug, the dark lord Sauron (who owes much to proud Satan in Paradise Lost), the monstrous Gollum, the Cracks of Doom, and the awful power of the magical Ring. The four books' characters--good and evil--are recognizably human, and the realism is deepened by the magnificent detail of the vast parallel world Tolkien devised, inspired partly by his influential Anglo-Saxon scholarship and his Christian beliefs. (He disapproved of the relative sparseness of detail in the comparable allegorical fantasy his friend C.S. Lewis dreamed up in The Chronicles of Narnia, though he knew Lewis had spun a page-turning yarn.) It has been estimated that one-tenth of all paperbacks sold can trace their ancestry to J.R.R. Tolkien. But even if we had never gotten Robert Jordan's The Path of Daggers and the whole fantasy genre Tolkien inadvertently created by bringing the hobbits so richly to life, Tolkien's epic about the Ring would have left our world enhanced by enchantment. --Tim Appelo, Amazon. • Publisher: Del Rey (September 12, 1986) • Language: English Order from Amazon.com: J.R.R. Tolkien Boxed Set. The Hobbit Author: J.R.R. Tolkien, Christopher Tolkien A new edition of The Hobbit with a short introduction by Christopher Tolkien, a reset text incorporating the most up-to-date corrections, and all of Tolkien's own drawings and color illustrations, including the rare "Mirkwood" piece. Christopher Tolkien, who formerly taught at Oxford University, is J.R.R. Tolkien's son and literary executor. The editor of The Silmarillion and Unfinished Tales as well as the twelve-part series The History of Middle-earth, he lives in France. J.R.R. Tolkien (1892–1973), beloved throughout the world as the creator of The Hobbit and The Lord of the Rings, was a professor of Anglo-Saxon at Oxford, a fellow of Pembroke College, and a fellow of Merton College until his retirement in 1959. His chief interest was the linguistic aspects of the early English written tradition, but even as he studied these classics he was creating a set of his own. J.R.R. Tolkien (1892–1973), beloved throughout the world as the creator of The Hobbit and The Lord of the Rings, was a professor of Anglo-Saxon at Oxford, a fellow of Pembroke College, and a fellow of Merton College until his retirement in 1959. His chief interest was the linguistic aspects of the early English written tradition, but even as he studied these classics he was creating a set of his own. • Hardcover: 320 pages • Publisher: Houghton Mifflin; 1 edition (September 21, 2007) • Language: English Order from Amazon.com: The Hobbit: 70th Anniversary Edition

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