Peter Jackson's Hobbit movie is scheduled for two parts with the December 14th release of "An Unexpected Journey" followed a year later by the December 13, 2013 sequel, "There And Back."
But now sources close to production are stating that director Peter Jackon wants to turn the two-film adaptation into a full-fledged trilogy.
Sources tell THR that the third movie would require some additional shooting with filming to take place next Summer for two months in New Zealand.
Word of the trilogy first surfaced at the recent San Diego Comic-Con when Peter Jackson informed fans that he wanted to shoot more footage.
Since then, Jackson has been in talks with Warner Bros. to see if "the right financial arrangements can be achieved," which includes getting the actors back as well as further rights involved with "The Hobbit" brand.
"If we’re going to do it, we have to make a decision soon," a source close to the production told THR. "It’s strongly driven by the filmmakers’ desire to tell more of the story.”