The filmmaker has said that he shot an abundance of material that he would not be able to fit into both movies, which sparked speculation that a third movie may be in the works. Warner Bros. is now reportedly on board with the proposal, if they can make it for the right price, since new deals will have to be negotiated with cast members. At any rate, a decision must be made very soon, according to an unidentified source close to the production.
If a third movie is give the green light, shooting will likely take place for a couple of months in New Zealand, sometime next summer. The Hobbit: An Unexpected Journey is slated for release December 14, with The Hobbit: There and Back Again arriving in theaters December 13, 2013. The proposed third movie would likely debut in December of 2014, if it comes to fruition.
The Hobbit: An Unexpected Journey was released December 14th, 2012 and stars Ian McKellen, Martin Freeman, Richard Armitage, Ken Stott, Graham McTavish, William Kircher, James Nesbitt, Stephen Hunter. The film is directed by Peter Jackson.
The Hobbit: The Desolation of Smaug comes to theaters December 13th, 2013 and stars Richard Armitage, Martin Freeman, Benedict Cumberbatch, Ian McKellen, Aidan Turner, Dean O'Gorman, Ken Stott, Graham McTavish. The film is directed by Peter Jackson.