Peter Jackson will get to travel back to Middle Earth for “The Hobbit” and its sequel after all.

The Oscar-winning director has settled his issues with New Line Cinema, which were preventing him from joining the project. New Line owed him considerable profits from the “Lord of the Rings” trilogy, and there was a public falling out that had many fans outraged.

Now that the partnership is back on, Peter Jackson and collaborator Fran Walsh will indeed be on the team as the producers, according to the press release out today. Jackson stated, “I’m very pleased that we’ve been able to put our differences behind us, so that we may begin a new chapter with our old friends at New Line. ‘The Lord of the Rings’ is a legacy we proudly share with Bob and Michael (the New Line CEOs), and together, we share that legacy with millions of loyal fans all over the world. We are delighted to continue our journey through Middle Earth. I also want to thank Harry Sloan and our new friends at MGM for helping us find the common ground necessary to continue that journey.”

No official word has been released on who will direct. Sam Raimi was rumoured to have the job, and said he would refuse if Jackson was not producing.






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