"Guillermo Del Toro announced today that he is no longer directing the two movies based on J.R.R Tolkien's "The Hobbit", but will continue to co-write the screenplays. Out of respect to the legions of loyal Tolkien fans, both Guillermo and Peter Jackson wanted to break the news to The One Ring first. They are both committed to protecting The Hobbit and will do everything in their power to ensure the films are everything that the fans want them to be."

http://www.scoop.co.nz/stories/HL1005/S00237.htm

- wellinghall

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