News just in...
Director Peter Jackson, New Line Cinema and Metro-Goldwyn-Mayer Studios Inc said on Tuesday they have agreed to make two movies based on the book "The Hobbit" by J.R.R. Tolkien, ending months of legal wrangling.
Jackson, the director of the smash hit "Lord of the Rings" movies, and producer Fran Walsh will executive produce both a "Hobbit" movie and a sequel, but no decision has been made about who will direct the films, Bob Shaye and Michael Lynne, co-chairmen and co-CEOs of New Line told Reuters.
I'd say squee but that would be hideously inappropriate.