Movies
Film studio New Line have been unable to commence pre-production on The Hobbit because rival studio MGM currently holds the distribution rights to the book.
MGM is currently up for sale and Time Warner - owners of New Line and Warner Bros. Pictures - is the most likely candidate to buy the company.
Such a deal would unite all parties involved with The Hobbit and plans for the adaptation would be able to get underway.
The website adds that Lord of the Rings director Peter Jackson is still "very keen" to head up the project.
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