In exchange, MGM gets the loan money it needs to finance its half of the ambitious two-picture project.
Warners/New Line already owned domestic rights to the ” Hobbit” adaptation, so they will now be able to collect a worldwide distribution fee, insiders say. Read this story here.
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I read The Hobbit around the same age. It wasn’t the first book I read, but it was the first one that made me realize, huh, LeVar Burton wasn’t kidding–this reading thing is pretty awesome.