LOS ANGELES (Reuters) – After years of delays, Hollywood is finally close to producing a movie based on J.R.R. Tolkien's "The Hobbit," the Los Angeles Times reported on Saturday, citing people familiar with the matter.
Time Warner Inc's Warner Bros, its subsidiary New Line Cinema, and Metro-Goldwyn-Mayer appear to be near a deal to start production in mid-January of the two-part prequel to the blockbuster "Lord of the Rings" trilogy.
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