It’s well established by now that studios are willing to pay a high premium for established brands — books, TV shows, board games, really anything that might sound remotely familiar to moviegoers. When the investment pays off, we get record-breaking gems like The Avengers. But when it doesn’t, studios and moviegoers lose hundreds of millions on stinkers like Battleship.

What if, then, you could capitalize on recognizable names without actually paying for any rights? That’s what an outfit called The Asylum is doing. Their newest direct-to-DVD “mockbuster” is Age of the Hobbits, a hilariously low-rent affair that has nothing whatsoever to do with Peter Jackson‘s The Hobbit: An Unexpected Journey. Unfortunately for them, a court has now blocked Age of the Hobbits‘ planned December 11 release, citing the “likelihood” of consumer confusion. The trailer after the jump offers a peek at star Bai Ling and the other goofy delights we’ll be missing.

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