Peter Jackson recently posted on Facebook to say that looking at the first two Hobbit films in the editing room and were pleased with the story, characters and cast. To him and his wife (who has worked with him on all of his largest projects) they saw the opportunity as filmmakers and fans “to tell more of the tale.”

“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,” said Jackson. “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.”

“So, without further ado and on behalf of New Line Cinema, Warner Bros. Pictures, Metro-Goldwyn-Mayer, Wingnut Films, and the entire cast and crew of The Hobbit films, I’d like to announce that two films will become three,” announced Jackson. “It has been an unexpected journey indeed, and in the words of Professor Tolkien himself, ‘a tale that grew in the telling’.”

Source: Facebook.com