Though Guillermo Del Toro has been rumored to be tackling another adaptation from J.R.R. Tolkien's novel, "The Hobbit", for quite some time now, he has yet to be announced as the helmer of the project. Talking to TheOneRing.net, the director of "Lord of the Rings" trilogy confessed that he is still in negotiation to take the important role in the two films installment.
The Academy Award-nominated director revealed that he is currently in talks when he kindly refused to give detailed information about the New Line Cinema's movies. "At this stage anything I say is of no consequence for I am not yet signed to do 'The Hobbit'," he commented. "Negotiations advance but are still ongoing." Further, he mentioned that he is still busy with his research on Tolkien's works as he wanted to bridge up gap in his reading of the material related to Middle-earth.
Earlier, it was reported that the fate of the "Hobbit" films was in jeopardy as New Line have been sued by Tolkien's estate which claimed that the movie production house have failed to pay the profit share from the successful "Lord of the Rings" trilogy. Up until March 19, reports regarding the follow-ups to the lawsuit have yet been to be outed. Meanwhile, the first installment of the "Hobbit" film is slated for 2010.