In an interview with Empire , Peter Jackson and Guillermo Del Toro have confirmed the way that The Hobbit will be fitting into the format of two films. Previous to the interview, it mistakenly thought that the first film would consist of the story of Tolkein’s The Hobbit, while the second would bridge the gap in time (60 years) between the end of that and the beginning of The Fellowship of the Ring.
Del Toro had this to say:
We’ve decided to have The Hobbit span the two movies, including the White Council and the comings and goings of Gandalf to Dol Guldur.
Jackson added to that, saying:
We decided it would be a mistake to try to cram everything into one movie…The essential brief was to do The Hobbit, and it allows us to make The Hobbit in a little more style, if you like, of the [LOTR] trilogy.
Straight from the horses mouth. It is confirmed that Jackson and Del Toro want to steal about 6 or 7 more hours from you. The films are set to be released a year apart, one in 2011, the other in 2012.
Are excited for another Lord of the Rings film?