Finally, "The Hobbit" is all set to go into production. A joint statement from New Line, Warner Brothers and MGM announce that they have given a green light for the two parts of the movie, which will be shot back to back and in 3-D.
Production will start in February 2011 under the direction of Peter Jackson, who also serves as producer and screenwriter. "There is no human being on the planet as qualified as Peter Jackson to direct these films. Peter is incredibly talented and has the creative vision and experience to bring this beloved property to live in a way that no other filmmaker could".
"The Hobbit" will be shot in 3-D but where the filming will take place is still a question mark since a dispute with SAG, New Zealand Actors' Equity and several other international unions banning the movie shoot in New Zealand, has not been resolved. Peter has threatened to move the production if an agreement could not be reached.
"The Hobbit" will re-create the scenes of the novel, with additional events that make an impact to "The Lords of the Rings". The first part of the upcoming adventure movie is planned to arrive in December 2012 while "The Hobbit 2" is expected to come out a year later.