writes: In a move sure to please fans of The Lord of the Rings trilogy, New Line Cinema and Peter Jackson have come to an agreement and patched up their differences. FTA:http://news.yahoo.com/s/ap/20071218/ap_en_ot/film_the_hobbit/
Jackson, who directed the "Rings" trilogy, will serve as executive producer for "The Hobbit." A director for the prequel films has yet to be named..."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," Jackson said in a statement. "We are delighted to continue our journey through Middle Earth."
Two "Hobbit" films are scheduled to be shot simultaneously, similar to how the three "Lord of the Rings" films were made. Production is set to begin in 2009 with a released planned for 2010, with the sequel scheduled for a 2011 release.Link to Original Source