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News: Del Toro to Helm ‘Hobbit’ Films

Hollywood Reporter says Guillermo Del Toro will direct back-to-back film versions of J.R.R. Tolkien’s ‘The Hobbit.’

Del Toro will oversee the script writing process with producer and ‘Lord of the Rings’ director Peter Jackson.

The budget for each film is reportedly $150 million.

The deal was reportedly has not been officially decided yet, because of the WGA strike, but an agreement is in place.

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