Just one day after we /guillermo-del-toro-is-no-longer-directing-the-hobbit/reported that Guillermo del Toro had decided to step down as director of The Hobbit and The Hobbit Sequel over frustration with repeated delays, Peter Jackson is already considering directing the project.

Jackson talked with Dominion Post about the possibility of directing:

"If that's what I have to do to protect Warner Bros' investment, then obviously that's one angle which I'll explore," he said. But stepping in as director would be difficult as he had signed writer and director contracts with Hollywood studios for two other films, with one likely to begin next year. "The other studios may not let me out of the contracts."
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Jackson and partner Fran Walsh, The Hobbit's executive producers, learned of del Toro's decision Saturday. Jackson said he was saddened by the director's departure, which was "amicable". del Toro plans to stay on as screenwriter.