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A third Hobbit movie could be in the works, says inside source

A third Hobbit movie could be in the works, says inside source

At Comic-Con, Director Peter Jackson mentioned that should there be enough story to fill one, he might spread the “Hobbit” films out over two films – rather than the two he had initially planned.
The Hollywood Reporter suggests this is more than just talk, word today is Jackson and the team are talking to Warner Bros about possibly making this a ‘Hobbit’ trilogy.

That would require additional shooting that sources say could take place next summer for about two months in New Zealand.

Jackson teased the idea at Comic-Con on July 14, telling fans that he wants to shoot more footage. But since then, sources say that studio Warner Bros., Jackson, producer Fran Walsh and writer-producer Philippa Boyens began exploring the logistics of what it would take to make another movie. Those talks are said to have accelerated in recent days, with the studio on board if the right financial arrangements can be achieved. That includes securing new actor deals for the expansive cast as well as shoring up certain rights associated with the property (The Hobbit has a long a tortured rights history.)

“If we’re going to do it, we have to make a decision soon,” says a source close to the production. “It’s strongly driven by the filmmakers’ desire to tell more of the story.”

The first installment, The Hobbit: An Unexpected Journey, is set for release on December 14. The second film, called There An Back Again, is set to hit theaters on December 13, 2013. A third film would presumably follow in 2014, much the same way the films in Jackson’s Lord of the Rings trilogy unspooled over three consecutive years.

“It’s about taking the chance to tell more of the incredible tale with the cast we have assembled,” says a source.

Ian McKellen just put a down-payment on a new yacht.

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Olivia Marne is a Melbourne-based University graduate and full-time publisher who joined Moviehole in 2011.

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