peter jackson getty 320 Movie Bites: 'Hobbit' delayed, Tim Burton in Cannes, George Lucas filming fairiesThe road back to Middle Earth is proving to be a long one.

Peter Jackson’s “The Hobbit” big-screen adaptation has been further delayed, this time due to financing problems, reports The Wrap.

The first part of the two-part prequel had originally been scheduled to premiere in December 2011, but now it’s hoping for the end of 2012.

Unlike the “Lord of the Rings” trilogy that was paid for by overseas pre-sales, New Line and MGM/UA share financing rights, and since MGM’s situation is currently uncertain, no big moves are being made.

In other movie news:

 – Moving from Middle Earth to the French Riviera, “Alice in Wonderland” director Tim Burton has been tapped to head the jury at the 63rd Cannes Film Festival. “As films have always been like dreams to me, this is a dream come true,” says Burton.

Burton has sat on the jury before, and his biopic “Ed Wood,” starring Johnny Depp of course, screened at Cannes in 1995. The Festival de Cannes will run from May 12-23.

 – “Star Wars” creator George Lucas is not only entering the world of musicals, but said musical will involve fairies. “TMNT” director Kevin Munroe is taking the helm of the CGI project, which was penned by “Elf” writer David Berenbaum. [THR’s Heat Vision blog]

 – The next two “Harry Potter” films, both parts of the “Harry Potter and the Deathly Hallows,” may be released in 3D, a move that had helped “Avatar” pull in additional box office. Part I is scheduled to hit theaters on Nov. 19, while Part II is scheduled for July 15, 2011. [Heat Vision]

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Posted by:Hanh Nguyen