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By Film Threat Staff | November 21, 2006

We’re a little late getting to this news story, but what can you do? Looks like Peter Jackson isn’t going to sign on to direct a big-screen adaptation of “The Hobbit.” Apparently Jackson and his collaborator wife Fran Walsh feel that New Line has been holding out on some cash the team is owed and as a result, they’re walking away from possibly the finest film trilogy ever made. Jackson made the “announcement” of sorts via the “Lord of the Rings” fan site…

Check it out at The One Ring>>>

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