No 'Hobbit' bidding war, NZ prime minister warns

New Zealand’s prime minister held a crisis meeting with studio bosses today in a bid to keep filming of 'The Hobbit' movies, but warned his country would not be drawn into a bidding war.

Plans to make the £316m (€357m), two-film project in New Zealand fell into disarray last week when the film-makers made it known they were considering moving production because of a pay dispute with the local actors’ union.