The Children of Hurin - Who will buy the rights?

With all the squabbling over the making of ‘The Hobbit’ between New Line and Peter Jackson, one has to wonder what would Tolkien think? In November 2006, a letter from Peter Jackson and Fran Walsh mentioned that due to an ongoing legal dispute between Wingnut Films (Jackson's production company) and New Line Cinema, they would likely not be directing the film. However, in response, MGM spokesman Jeff Pryor has stated that "We still believe this matter of Peter Jackson directing 'The Hobbit' is far from closed." As MGM owns the distribution rights to The Hobbit film, this may carry some weight.
New Line Cinema's head, Robert Shaye, said that the studio won't work with Jackson on that film or any other. "He will never make any movie with New Line Cinema again while I'm still working for the company," Shaye said.
It sounds to me like Shaye has been responsible for some dodgy dealings and is having a wee bit of a tantrum about having to come clean. However no one really knows what went on, all we know is from the statements from both parties, Jackson comes out better.
What is really sad is that we, the movie going public, are the ones who end up suffering because greed, power and money.

Whatever happens with ‘The Hobbit’ (apparently Sam Raimi has been approached but has publicly stated he is wary about stepping in Peter’s shoes) at least we can hope another studio will buy the rights to the new Tolkien novel ‘The Children of Hurin’ and Peter Jackson decides to revisit Middle Earth in the future.
‘The Children of Hurin’ is the culmination of an effort to bring to the public the vast body of work J.R.R. Tolkien had left unpublished, and largely unfinished, when he died in 1973.
Tolkien began writing "The Children of Hurin" 99 years ago, abandoning it and taking it up again repeatedly throughout his life. Versions of the tale already have appeared in "The Silmarillion," "Unfinished Tales" and as narrative poems or prose sections of the "History of Middle-earth" series.

Here is a brief synopsis…got me all excited. Six thousand years before the Fellowship of the Ring, long before anyone had even seen a Hobbit, the elves and men of Middle-earth quaked at the power of the dark lord Morgoth

Hunted by easterlings and orcs, they fled to the fastness of Nargothrond and to the deep forests of Brethil and Doriath. Among them, a hero emerged. Strong and courageous he was, but foolhardy and impetuous. His name was Turin, son of Hurin.