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Warner Bros also announced that Peter Jackson, who directed the Oscar-winning Lord of the Rings trilogy, would direct the two-part prequel. The films, based on JRR Tolkien's book, had been delayed for months due to MGM Studios' - which owns half the project - ongoing financial woes. No release dates for the movies have been given. According to industry paper Hollywood Reporter, Warner Bros and MGM reached a deal allowing MGM to cover its half of the production, estimated to cost a total of $500m (£313m). Jackson, who co-wrote the screenplays and is also producing the films, originally hired Mexican-born Guillermo Del Toro to direct, but he pulled out in June citing almost two years of delays. Last month, the project was threatened further after Jackson warned production could cease or be moved from its location in New Zealand over a pay wrangle with acting unions. The two movies will be shot back to back using digital 3D cameras. In a statement, Jackson said: "Exploring Tolkien's Middle-earth goes way beyond a normal film-making experience. "It's an all-immersive journey into a very special place of imagination, beauty and drama. We're looking forward to re-entering this wondrous world with Gandalf and Bilbo." The Lord of the Rings trilogy grossed nearly $3bn (£1.88bn) at box offices worldwide and in 2003 the final chapter, Return of the King, dominated the Oscars, winning in all of the 11 categories in which it was nominated, including best film.
The Hobbit to begin filming in February next year

Their performance at last summer's World Cup was widely criticised as the team crashed out 4-1 to Germany at the last 16 stage. Loaded says that's not the only reason for the award. Wayne Rooney's message to booing fans and John Terry's 'unauthorised' press conference were also mentioned. "The ability to laugh at ourselves is perhaps one of our nation's most endearing qualities," says Loaded editor Andy Sherwood. "There's no better way to salute England's football flops than presenting them with the joker of the year award." The awards, which have been going since 2003, take place on 1 February. Comedy fans can still vote online for 13 other Lafta awards, in categories like best stand-up, funniest TV show, and funniest Twitterer. Katie Price's husband Alex Reid was last year's joker of the year winner.
Loaded Lafta awards: England team 'Jokers of the Year'

The arrests were made following a report, at around 21.10 GMT on Saturday, that a group of four boys, aged between 15 and 17, had been attacked in the Ballycolman estate. One of those involved in the alleged attack was armed with a pocket knife, police said. The five assailants made off on foot before the arrests were made. Police arrested the five boys, aged between 16 and 18, when they stopped a bus on the Beltany Road outside Omagh. They have appealed to anyone who was in the area and witnessed the incident at around 21:00 GMT to telephone 101, quoting reference 2043 06/03/21.

Strabane: Five teenage boys arrested following assault

