The document discusses the upcoming release of the film adaptation of The Hobbit. It notes that while The Hobbit predates The Lord of the Rings chronologically, it can also be considered a standalone novel. There is excitement around The Hobbit film as a potential blockbuster success like The Lord of Rings films. However, the producer who holds the rights to The Hobbit, Saul Zaentz, has been aggressively pursuing legal action, including threatening a British pub called The Hobbit. This sparked public backlash and two actors ultimately paid the licensing fee to allow the pub to continue operating without issues.