Warner, MGM Studio Said to Start ‘Hobbit’ Filming in February
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Metro-Goldwyn-Mayer Inc. and Time Warner Inc.’s Warner Bros. film studio plan to start production on “The Hobbit” in February after financing delays, three people with knowledge of the situation said.
MGM was able to raise its half of the financing for the shared production costs of the two-installment story based on J.R.R. Tolkien’s “The Hobbit,” said the people, who declined to be identified because the agreement is private. Production expenses may reach $600 million, two of the people said.