BREAKING: Peter Jackson Reportedly In Negotiations To Direct 'The Hobbit'

The HobbitWhen Guillermo Del Toro announced his departure from "The Hobbit" late last month, many fans immediately began hoping that producer and "Lord of the Rings" director Peter Jackson would step up to the plate and get behind the camera for the latest J.R.R. Tolkien film epic. Now — fingers crossed — it seems that those fans are getting their wish.

Mike Fleming at Deadline cites anonymous but "trusted" sources who say that Peter Jackson will direct the two-part "The Hobbit" feature for Warner Bros., New Line and MGM, with his deal currently in negotiations. A case is allegedly being made to the financially troubled MGM "to loosen the purse strings and make the movies happen." If the deal goes through, Jackson would shoot both "Hobbit" films back-to-back in New Zealand.

It's important to note that there's no official deal regarding Peter Jackson and "The Hobbit" quite yet, which is why it's even more important that fans manage their expectations right now. What if the deal falls through between Jackson and the relevant studios? We'll have gotten our hopes up for nothing! The development process on bringing "The Hobbit" to the big screen has been so tenuous already that suffering through another great disappointment is nothing short of hazardous to every "LOTR" fans' health.

That said, if Jackson is the man to lead Bilbo Baggins and his merry band of dwarves to the big screen, it truly is the greatest outcome possible — and that includes the initial plan for Del Toro to get behind the camera. No disrespect intended towards Del Toro, but I would much rather see him pursue some of the other projects he currently has in development. Jackson, to me, is by far and away the best filmmaker possible when it comes to bringing moviegoers to Middle-Earth. From the very beginning, he should have been the man to direct "The Hobbit." It's nothing short of exciting that this hope is apparently quite close to reality.

Keep checking back for more information as it develops, but for now, keep those fingers crossed.

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