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Official Letter from New Line Cinema's Bob Shaye

Dear Loyal LOTR Fans,

Thank you very, very much for the incredible outpouring of support for LOTR, and your eagerness to see THE HOBBIT.

We, at New Line, are most touched and appreciative of your compliments, and your passion for the remarkable work of the author, the filmmakers, talent, and craftspeople.

We are also, as you, most anxious to see THE HOBBIT realized.

Please be assured that there is, in no way, a crass argument with MGM or anyone over money or rights. In fact, no discussions about any settlement of our respective claims, has been commenced. When, and if, such discussions ensue, be assured that we intend to be equitable and appropriate to the spirit of Tolkien, and THE HOBBIT. We will, as much as possible, "do the right thing", respecting the incredible loyalty and appreciation of the worldwide fans. We hope that MGM will feel the same.

However, we also wish to have the film overseen by the best possible mentors - and, for us, if possible, that means Peter and Fran. They are totally occupied by KING KONG now and, we believe, will be the next twenty-four months, or so.

So our efforts will take time to realize.

Sincerely,

Robert Shaye
Co-CEO/Co-Chairman
New Line Cinema


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