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N.Z. Prime Minister to Warner Bros.: We Won't Engage in 'Bidding War' Over 'Hobbit'

John Key says government won't make any money on production; meanwhile, Facebook yanks a page called 'Keep the Hobbit film shoot in New Zealand' with little explanation.

Keeping The Hobbit in New Zealand may be a gamble no better than a coin toss, but that doesn't mean the country will shell out more coin for the privilege.