From a Variety report on MGM’s new business plans, comes this tidbit on the previously announced Hobbit movies: As for “The Hobbit,” Sloan confirmed that MGM was in advanced talks with Peter Jackson to make two movies based on JRR Tolkein’s “prequel” to “The Lord of the Rings.” The first would be a direct adaptation of “The Hobbit,” and the second would be drawn from “footnotes and source material connecting ‘The Hobbit’ with ‘Lord of the Rings,’ ” he explained.... Read more