Guillermo Del Toro decided to resign as the director of The Hobbit. He said that this was the hardest decision he ever had to make. Reason for him to do is the the fact that MGM has yet to give the green light for the financial part of the project. MGM has been struck with a lot of financial misery recently - postponing the latest James Bond indefinitely for instance - and does not have the money to go ahead with the project.
Del toro moved to New Zealand with his family, especially for this project. He did not feel he could live there for 6 years after the original plan was only meant to be 3 years.
It is sad to see him go, as I was very excited after I heard he would be directing it. However he will still be co-writing it with Peter Jackson and Jackson's wife.
- Seb.
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