Kid Charlemagne
I am the Very Model of a Modern Moderator
Did some more hunting, and cleared up some rights questions:
Tolkien sold the rights to United Artists in the 60's. UA merged with MGM in the late 70's/early 80's. That's why MGM has the distribution rights to The Hobbit.
However, UA sold the production rights to Saul Zaentz in the 70's, and these are the rights that were later sold to New Line and Peter Jackson. That's why things seem screwy.
I'm not certain yet why the distribution rights for the Hobbit are a mess, while the distribution rights to LoTR aren't. My guess is that was ironed out when the animated LoTR was done.
Tolkien sold the rights to United Artists in the 60's. UA merged with MGM in the late 70's/early 80's. That's why MGM has the distribution rights to The Hobbit.
However, UA sold the production rights to Saul Zaentz in the 70's, and these are the rights that were later sold to New Line and Peter Jackson. That's why things seem screwy.
I'm not certain yet why the distribution rights for the Hobbit are a mess, while the distribution rights to LoTR aren't. My guess is that was ironed out when the animated LoTR was done.