As much fun as the movies were/are, I can agree with Christopher Tolkien that the tone and message has shifted if not been lost with this conversion. I wonder what it says when this happens, and what is lost over time.
Invited to meet Peter Jackson, the Tolkien family preferred not to. Why? “They eviscerated the book by making it an action movie for young people aged 15 to 25,” Christopher says regretfully. “And it seems that The Hobbit will be the same kind of film.”
Also, you can see some of the douchebaggery involved in hollywood movie contracts. Never ever agree for profits. They don’t technically exist for any movie. (for more info see the Critical Path: Episode 20)
(Via Daring Fireball)