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New Line, MGM team for two Hobbit movies with Peter Jackson

Peter Jackson and New Line have buried the hatchet and will return to Middle Earth together in a two-film deal with MGM to bring JRR Tolkien's The Hobbit and an original sequel to the big screen.MGM and New Line will co-finance and co-distribute the projects, which New Line will release in North America and MGM will handle overseas.Jackson and Fran Walsh will serve as executive directors. A director will be announced shortly ...

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