"I wish it was definite, but it isn’t. It’s still in talks, there are still a lot of 'T's to cross and 'I's to dot. It’s certainly not certain yet"
Taken with news earlier this week that the executors of Tolkien's estate are suing New Line Studios over unpaid royalties from the Lord of the Rings films, the future of the Hobbit is looking increasingly shaky. On the upside if the deal were to fall through it would free up Del Toro to make his long awaited HP Lovecraft adaptation, The Mountains of Madness