Peter Jackson to produce ‘The Hobbit’

The biggest news today of course is that Peter Jackson and New Line Cinema appear to have settled their differences, as they announced that Peter Jackson will produce ‘The Hobbit’ as two films.  This sounds like good news to the fans of the book, as it means it’s less likely parts of the story will be cut out of the film.  PJ and Fran Walsh are on board as just executive producers at this point, so it’s not clear who will end up directing.  Rumor is that Sam Raimi of ‘Spider-Man’ might step in to direct. 

Via Variety, ‘Hobbit’ back on track as twin bill