Elijah Wood has blasted New Line Cinema bosses for refusing to sign Lord Of The Rings director Peter Jackson to take charge of "The Hobbit." The New Zealand filmmaker told fans recently: "Mark Ordesky (studio boss) told us that New Line would no longer be requiring our services on the Hobbit and the LOTR prequel."

Wood, who played hobbit Frodo in all three of Jackson's film adaptations of the J.R.R. Tolkien classic novels, admits he is dismayed by New Line's decision.

He says, "I think the jury is still out. We'll see what happens - but I was very disappointed by the news. I think it is very foolish."

(This news article provided by World Entertainment News Network)