Despite the financial situation with MGM having no end in site, Peter Jackson has moving forward in the un-official pre-production process by heading to Los Angeles to start meeting actors. Casting Director Victoria Burrows has been quietly assembling a roster of potential actors for the project. The Hollywood Reporter is also saying that Jackson is very close to signing a deal to direct the films once the film finally gets the official green light.
I am not sure how Peter Jackson will be able to sign up actors when he will be unable to even estimate a start date on the production. At this point everything continues to hinge on the MGM creditors who have no real leadership and seem at a complete loss on what to do next. Theoretically, Warner Bros. could take on the full cost of producing the films but it still requires MGM to sign off on it. Right now I doubt there is someone with the authority to approve it. As it is, it seems that Jackson is trying to get as much done as possible so that one the green light comes, he can pretty much start production immediately.
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