Third 'Hobbit' movie may be coming from Peter Jackson

Published: Thursday, July 26 2012 12:00 a.m. MDT

Peter Jackson speaks at the Peter Jackson speaks at the "The Hobbit: An Unexpected Journey" panel 2012 Comic Con on Saturday, July 14, 2012 in San Diego, Calif. (AP, Photo by Jordan Strauss/Invision)

Our take: After some consideration, the originally planned two-film "Hobbit" may turn into a trilogy. Although the third movie is still uncertain Jackson has concluded that there is enough material from the book, as well as the extensive appendixes to “The Lord of the Rings,” to make a third film.

Warner Bros. and director Peter Jackson are seeking to turn the planned two-film “Hobbit” franchise into a trilogy, a move that could pay off in bigger box office returns, according to people familiar with the situation.

The Burbank film studio originally planned to release two “Hobbit” movies based on J.R.R. Tolkien’s literary prelude to “The Lord of the Rings” trilogy, and principal photography on those two pictures finished in New Zealand this month. The first is set to come out in December, followed by the second in December 2013. The two films combined cost about $500 million.

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