After protests from the people of New Zealand, it now turns out Warner Bros. has managed to come to an agreement with the Government of New Zealand to settle the industrial dispute that was threatening the relationship between the country and the movies.

The Prime Minister of New Zealand, John Key, had this to say; “I am delighted we have achieved this result. Making the two Hobbit movies here will not only safeguard work for thousands of New Zealanders, but it will also follow the success of the Lord Of The Rings trilogy in once again promoting NZ on the world stage.” 

Now this dispute has finally been put to rest, the cameras will begin rolling very soon for its first 2012 release date with Peter Jackson back in the directors chair and Martin Freeman taking on the role of Bilbo Baggins.