This is hot off the presses. Peter Jackson and New Line Cinema have reached agreement to make J.R.R. Tolkien’s “The Hobbit,” a planned prequel to the blockbuster trilogy “The Lord of the Rings.” Peter Jackson is set to oversee the film adaptation of “The Hobbit.” Jackson, who directed the “Rings” trilogy, will serve as executive producer for “The Hobbit.” A director for the prequel films has yet to be named. Relations between Jackson and New Line had soured after “Rings,” despite a collective worldwide box office gross of nearly $3 billion — an enormous success. The ...