Producers and financial backers will no doubt be delighted as the costs involved in stretching the original planned 2 movies into 3 are much less than the cost of another brand new movie.
The decision of Jackson to turn The Hobbit into a movie trilogy came after he and writing/producing partners Fran Walsh and Philippa Boyens watched an early cut of the planned December 2012 release “The Hobbit: An Unexpected Journey.”
“We know how much of the story of Bilbo Baggins, the Wizard Gandalf, the Dwarves of Erebor, the rise of the Necromancer, and the Battle of Dol Guldur will remain untold if we do not take this chance,” he wrote. “The richness of the story of ‘The Hobbit,’ as well as some of the related material in the appendices of ‘The Lord of the Rings,’ allows us to tell the full story of the adventures of Bilbo Baggins and the part he played in the sometimes dangerous, but at all times exciting, history of Middle-Earth.”
Talks have been going on for some weeks with all parties involved with the first 2 movies including the main cast of actors as well as the estate of JRR Tolkein.
Jackson had originally finished shooting on “The Hobbit” movies in New Zealand earlier this month but is now in the midst of an additional 4 week shoot in the country.
The summer release date for the untitled 3rd “Hobbit” movie may come as a surprise to many, as the first 2 films are planned to be released on 14 December 2012 and 13 December 2013. All 3 of Jackson’s “Lord of the Rings” movies were also released in December.