Del Toro to Direct the Hobbit

Guillermo del Toro has officially signed up to direct The Hobbit, according to reports leaking out from a film premiere in France. The Pan's Labyrinth creator will oversee a double-bill of films based on JRR Tolkien's fantasy adventure, which paved the way for The Lord of the Rings. Peter Jackson, director of the Oscar-winning Rings trilogy, will serve as executive producer.

The announcement was made at last night's French premiere of The Orphanage, a Spanish horror film that Del Toro helped produce. Introducing the film-maker, the host told the audience: "Today is a big day because we are announcing what everyone wanted to hear, which is that he will be directing The Hobbit." Del Toro had previously been reported to be in negotiations to take charge of the project.

Cloverfield Sequel Talk

This in from Variety.

Matt Reeves is in early talks with Paramount to direct a "Cloverfield" sequel, and he has also made a deal with GreeneStreet Films to direct "The Invisible Woman."

Timing of the projects will depend on how quickly Paramount can complete discussions with Reeves, producer J.J. Abrams and scribe Drew Goddard to scare up another monster tale for the "Cloverfield" sequel. There's a good chance the sequel will be Reeves' next film, in which case he will direct "The Invisible Woman" afterward.

"Woman" is a Hitchcock-style thriller that probes the mind of a former beauty queen who turns to a life of crime to protect her family.

Reeves wrote the script and will produce with Abrams and GreeneStreet's John Penotti, Fisher Stevens and Tim Williams.

"Matt has created a truly original and compelling character and story," said GreeneStreet's Penotti.

GreeneStreet will finance "The Invisible Woman," and GreeneStreet Intl. will sell overseas territories.

With a $25 million budget, a strong concept and cast of unknowns, "Cloverfield" scored a $46 million opening frame, which was a record for a Martin Luther King Jr. holiday weekend. Paramount gave away almost no first-dollar gross, making the film a bargain for the studio.

GreeneStreet recently completed two films: the John Polson-directed "Tenderness," starring Russell Crowe, which was just set for distribution at Lionsgate, and "Bill," directed by Melisa Wallack and Bernie Goldmann, whichwill be distributed by First Look Studios.

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