Peter Jackson says, \’You can’t believe everything you read.\’

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Despite somewhat concrete reports from the NY and LA Times regarding The Hobbit, Peter Jackson says they do not yet have a greenlight. Jackson spoke with Empire and actually revealed a lot about what’s going on with The Hobbit, including confirming that while they haven’t received a greenlight to start; he’s hearing good things and that he’s still optimistic about revisiting Tolkien’s universe.

“We’ve seen these reports before, reports saying there was going to be a greenlight in a couple of days — well, a week’s gone by and there isn’t one,” adds Jackson. “You can’t believe everything you read. There is only one thing you want to believe and that’s when the studio announces a greenlight. As far as I’m aware that’s not going to be today. I keep hearing positive things. Everyone’s working very hard. There’s a lot of people at Warner Bros. who are working around the clock trying to manoeuvre through the MGM complexities. MGM is a company that is about to go bankrupt and in a way they are about to take The Hobbit into bankruptcy hell with them when they go down. Warners are trying to extract The Hobbit out of the bankruptcy hell before it happens. It is just so complicated I can’t even put my head into it. It’s all to do with American copyright laws, bankruptcy laws. A lot of Warner Bros. lawyers are working round the clock at the moment trying to make it happen so let’s see.”

You can read the whole Empire article here. Hopefully we won’t have to wait too long for Bilbo to hit the screen.