The Hobbit Delayed Due To MGM Financial Problems

It’s hard to imagine that it’s been around 7 years since those adorably bad-ass hobbits were last fighting their way to Mordor on the silver screen and, personally, I feel like we’re a little overdue for some hobbit based action. But for those of us who have been patiently waiting to see what the hell’s been happening with del Toro’s “The Hobbit”, well, we’re just going to have to wait a little longer.

Filming seems to be delayed according to Andy Serkis, who will be reprising his Lord of the Rings’ role as Gollum, saying that he expects filming to start “towards the end of this year” rather then July. Whether they’ll be done in time for the 2011 release date is still up in the air.

An inside source has reported to that MGM, the studio that holds the distribution rights for The Hobbit, is having financial problems that hold “great importance” over the film. Which is to say, with a debt of $3.7 billion, MGM has other things to worry about at the moment, like trying to find a company that is willing to buy them (on a side note: if you are a Tolkien fan and just happen to have several billion just lying around, you know what to do). In the mean time, production on The Hobbit is stuck in limbo while MGM sorts out this financial mess.

So it seems it’s going to be a while yet before we hear the soft pitter-patter of Hobbit feet in the newly constructed Hobbiton.

Pictured: a notable absence of hobbits (and a decent farcade to that building)