In a Christmas miracle sure to have Lord of the Rings fans putting on their official Bilbo Baggins Furry Feet™ and dancing in unselfconscious joy around the replica Shires they’ve lovingly constructed in their basements, the once-feuding Peter Jackson and New Line have announced they’ve buried the hatchet (read: a big bag of LOTR settlment money is quietly being delivered to the director’s New Zealand compound) and will move forward (with MGM) on two The Hobbit live-action films. Huzzah! Says Jackson about the dentente that will allow everyone to grow wealthier together without involving the courts: “I’m very pleased that we’ve been able to put our differences behind us, so that we may begin a new chapter with our old friends at New Line. ‘The Lord of the Rings’ is a legacy we proudly share with Bob and Michael, and together, we share that legacy with millions of loyal fans all over the world. We are delighted to continue our journey through Middle Earth.” [Var]