The Hobbit movie

Great news about a new JRR Tolkien movie with Peter Jackson at the helm.
Apparently, New Line Cinemas and Peter Jackson have decided to kiss and make up. I don’t think there was ever any question that this would happen because it would have been terribly stupid on New Line’s part to do anything else.
Now it looks as if Jackson will executive produce, but not direct, the next two, yes two, Tolkien films. The first will be based on The Hobbit, the precursor to Lord of the Rings, and the second will deal with the 60 year period between the time when the Hobbit story ends and the Lord of the Rings story begins.

Here is a web site with all the details.