Third Hobbit movie has a release date and title

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This one’s rather… Precious.

The third “Hobbit” movie (yes, they’re doing another trilogy!) has both a release date and a new title.

Warner Bros and New Line have announced a July 18, 2014 release for the newly titled “The Hobbit: There and Back Again” (which was the title originally given to the second in the new series, “The Hobbit : The Desolation of Smaug”), which opens just seven months after the release of the second “Hobbit” picture. Someone’s confident!

“We wanted to have a shorter gap between the second and third films,” Warner Bros. president of domestic distribution Dan Fellman said in a statement. “Opening in July affords us not only the perfect summer tentpole, but fans will have less time to wait for the finale of this epic adventure.”

“The Hobbit : An Unexpected Journey”, set 60 years before the events of “Lord of the Rings”, opens in cinemas December 14, this year.