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Peter Jackson Will Not Be Making The Hobbit 467

An anonymous reader writes "Due to legal wranglings with New Line Cinema over accounting issues for Lord Of The Rings, Peter Jackson and Fran Walsh will not be involved in the making of either The Hobbit or the planned Lord of the Rings prequel." I suppose there is still a chance that Jackson & Co. could end up involved, but at this point that looks unlikely.
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Peter Jackson Will Not Be Making The Hobbit

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Show me a man who is a good loser and I'll show you a man who is playing golf with his boss.