Prime Minister John Key will be holding a press conference this evening to discuss the future of The Hobbit.

The Govt is continuing to negotiate with Warner Brothers on The Hobbit films but does not have an open chequebook.

Sir Peter Jackson has produced a letter which he says counters claims by NZ Actors' Equity that they sought a meeting with the producer prior to blacklisting The Hobbit.

A union leader is concerned a precedent could be set which would challenge New Zealand's sovereignty if the Government changes labour laws to entice Warner Brothers to film The Hobbit in the country.

Every employee in the land should be concerned at the hammering the actors have got for daring to ask for meaningful negotiations.

Only a new law will give Warner Bros the guarantee it wants on labour laws to keep The Hobbit in NZ, an employment law expert says.

John Key has emerged from crisis talks with Warner Brothers executives over the filming of The Hobbit, saying there is still no decision on where filming will take place.

The union behind an actors' boycott of The Hobbit has given an unconditional guarantee that it will not take any more industrial action against the film production.

Prime Minister John Key, who will meet high-powered executives from Warner Brothers in Wellington in the next two days, thinks there is a "50-50" chance of The Hobbit being filmed in New Zealand.

Sir Peter Jackson has taken a shot at an Australian union for intervening in the NZ film industry and unsettling plans to film The Hobbit in this country.

The head of the company that produces Outrageous Fortune believes the fallout over The Hobbit has made actors Robyn Malcolm and Jennifer Ward-Lealand "damaged goods".

TVNZ dished out an average of almost $50,000 each to 44 staff whose contracts were "terminated" in the past financial year.

Warner Bros and actors' unions were ready to bury the hatchet at the beginning of this week, a series of emails shows.

Bosses are calling for a guarantee the industrial disputes threatening to derail The Hobbit won't be repeated in the 2011 Rugby World Cup.

Warner Brothers have confirmed that they are considering alternative locations in which to film the two Hobbit films.

The Government is leaving the door open to more tax incentives to keep the shooting of The Hobbit films in New Zealand.

Prime Minister John Key thinks The Hobbit movies can be saved and he is going to do his best to achieve that when Warner Brothers executives arrive next week.

An Actors' Equity meeting to be held in Auckland tonight has been canned over fears technicians and other workers in the film would picket.

Robyn Malcolm had to be escorted by police from an inner city Wellington restaurant last night after being threatened by technical workers worried the Hobbit won't be made in NZ.

A filmmaker and actor who worked on LOTR and Avatar says union demands to standardise pay rates could cripple dozens of NZ films.