I was waiting on a confirmation before going with it because so many directors have been rumored as being involved with the project. I had to be sure. These rumors go back at least a year, just take a look at the timeline.
According to TheOneRing, it’s a done deal. GdT has been touring around promoting The Orphanage, a Spanish horror film he produced, where the director confirmed he’s headed to Middle Earth. It will be his next project after he finishes Hellboy II: The Golden Army.
The Lord of the Rings trilogy’s director, Peter Jackson, will executive produce with “approval over creative elements.” Apparently you have to sort of look like a hobbit to direct one.
The Hobbit will be split into two films (each with a budget of $150 million) to be released in 2010 and 2011.