The studio was put up for sale in 2009 after falling heavily into debt, reports the Daily Express. But McKellen, who plays wizard Gandalf, is positive that the fantasy film - based on J.R.R. Tolkien's first book - will hit the big screen in due course of time.
In a post on his Twitter.com page, he wrote, "Hobbit sets are ready, script ready and movie is casting this month. Fans are not to worry. The films will get made. I suspect we'll start shooting at end of this year."