This sucks. Apparently because of the delay, and the time it would take for del Toro to make the films -- taking into consideration the two years he's already spent working on the film with WETA, Peter Jackson, et. al -- was too much for Pan's Labrynth director Guillermo del Toro who exits the two Hobbit films currently in pre-production.
http://www.filmschoolrejects.com/news/guillermo-del-toro-not-directing-the-hobbit.php
Purportedly the decision to leave was amicable, and solely del Toro's decision, and the transition to find a new director will be "seamless and uneventful". Del Toro will continue to work with Jackson, WETA and the production while he finishes co-writing the script and then will leave the production. During that time, del Toro, Jackson, and WB/MGM will find a new director for the film.
First James Bond, and now Lord of the Rings. Yet another casualty for MGM during this legal crisis.
http://www.filmschoolrejects.com/news/guillermo-del-toro-not-directing-the-hobbit.php
Purportedly the decision to leave was amicable, and solely del Toro's decision, and the transition to find a new director will be "seamless and uneventful". Del Toro will continue to work with Jackson, WETA and the production while he finishes co-writing the script and then will leave the production. During that time, del Toro, Jackson, and WB/MGM will find a new director for the film.
First James Bond, and now Lord of the Rings. Yet another casualty for MGM during this legal crisis.