Lord of the Rings director Peter Jackson has he said reckons it will be around four years before work begins on the film The Hobbit.
The top film maker said he thought studios want to make the film, but it could take time to finalise details.
"I think it's gonna be a lot of lawyers sitting in a room trying to thrash out a deal before it will ever happen," said the Oscar winning director.
Two big film studios own the rights to Rings author JRR Tolkien's book.
Peter Jackson was speaking in Sydney, Australia, on a visit to a Lord of the Rings exhibition.
At the moment he's working on a big budget remake of the film King Kong in Auckland, New Zealand.