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The only question remaining for The Hobbit is casting. People may roll their eyes at the idea of films like these in IMAX, but if you consider that IMAX and 3D will be dominating the market in the next 3-5 years, you can believe that you’ll be seeing even the most independent films in 3D or IMAX just to get people into seats.
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So it seems like the film is no longer in the hands of the sinking MGM/New Line team, and now being taken over by Warners, which is only good news for people who have been waiting to see this story as a live action film for decades. Warners moved quickly to set the calendar straight in the wake of the Imax release, and by midday, the giant-screen-format company said it was going to send out a correction, officially making 2012 the new date for the first “Hobbit” movie. The second movie’s script was turned in to the studio a couple of weeks ago, and all parties are starting to break down the financials for the movies now.