Earlier today, executive producer Peter Jackson and director Guillermo del Toro answered questions from fans in an online chat about The Hobbit and its announced sequel. We have the entire transcript available after the jump, but have compiled cliff notes for those who don’t have the time to read the full transcript:
Guillermo has already begun [...]

Residents of Middle-Earth should pop some Advil, as already-troubled New Line Cinema has been sued by the Tolkien estate, which seeks $150 million plus in damages in the mega-lawsuit. Peter Jackson’s The Lord of the Rings trilogy did over $6 billion in world-wide receipts, but the estate claims that not a drop of gross profit [...]

While nothing has been officially signed just yet, it sounds like a lock that Hellboy 2 director and all around cool guy Guillermo del Toro will take over the directorial reigns from Lord of the Rings trilogy mastermind Peter Jackson and helm the two planned Hobbit films for New Line. Today’s announcement in the trades [...]

Busted Tees has beaten Kevin Smith to the punch, and has produced a t-shirt based on the fast food version of the infamous Lord of the Rings line which was featured in Clerks 2. Reminds me of the “Ringers” marketing that Burger King includes on their french fry packaging (seen below).

 Cool Stuff is a daily [...]

Update: AICN was able to get in touch with Jackson’s camp and confirm this rumor as untrue. Jackson, as I speculated in the original story below, will also be tied in projects for the next few years.  Peter is interested in 3D but absolutely nothing has settled with the Jackson/New Line feud.
MarketSaw is reporting that [...]