The Hobbit... Cancelled?

[Kat Five Knives]

I read that it is being delayed rather than canceled. I imagine Jackson will not give up that easily and will find another director or do it himself. The delay is the reason Del Toro had to pull out because he has other obligations and cannot commit that much time to The Hobbit movies.

[The Skirata Clan]

Originally Posted by Kat Five Knives

I read that it is being delayed rather than canceled. I imagine Jackson will not give up that easily and will find another director or do it himself. The delay is the reason Del Toro had to pull out because he has other obligations and cannot commit that much time to The Hobbit movies.

The film wasn't even approved for shooting. It never got the green light. Del Toro pulled out because he couldn't commit 6 years to those films instead of the 3 they planned. He is still writing the films with Jackson.
Regardless if its Jackson, Del Toro, or any other director the film cannot begin shooting unless MGM resolves their financial problems. They hold the rights so no other studio can make the films.
Bottom line is No Hobbit or 007 until MGM solves their money problem. Sony and Universal are the two studios that might buy MGM, but who knows.