They soundly rejected initial distribution offers from Asmus
I guess that makes sense since this is a pretty new company without a long track record I can understand them being hesitant. Plus they pretty much made a firm stance with being done with 1/6 Lord of the Rings so they probably do not believe the line can be successful. Looks like they let the 1/6 liscence go (or expire) and it does not look like they even pursued the Hobbit.