With MGM's financial trouble/status still holding up The Hobbit and its sequel, it feels like we should do a moratorium on any rumors regarding it until that's worked out. But this latest bit is straight from executive producer (and possible director) Peter Jackson. His latest update is to the New Zealand based Stuff.co.nz, with Jackson telling you fans that you will know whether or not he's committed to directing it "sometime soon."
A decision was still to be made on whether he would direct The Hobbit, which is in limbo while problems are resolved with Warner Bros and MGM, which is heavily in debt and up for sale.
But he said yesterday that Warner Bros was "making progress untangling the MGM situation, so we should have certainty with The Hobbit sometime soon".
He is also confident that there should soon be certainty about whether he would direct The Hobbit movie, which would allow him to map out a five-year plan for projects "that will keep many people very busy".