As far as I could find out, it appears to be a continuation of the rights that has led to the various early RP games, the Bass Rankin cartoons, the Bakshi movie, the PJ movies, and the various MMORPG games. I believe there was some sort of a 5 year clause in the contract to do the Hobbit movies, and it coming up to 5 years since th elast Hobbit movie was released, the option was running out. There was quite a deep discussion about the legal speak on another site that made for some dry yet informative reading.
From: In the Shadows of Annuminas | Registered: Aug 2000
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