Third Hobbit Movie Getting Closer to Reality
A third Hobbit movie is fast becoming a reality because Peter Jackson believes there's enough material to make one, but it's far from being a done deal though.
According to the LA Times, Warner Bros and various stake holders are in accelerated talks to make it happen and that includes how to make the financial work for the numerous rights holders and drawing up new contracts for the actors. I assume a new script will have to be written as well.
“If we’re going to do it, we have to make a decision soon. It’s strongly driven by the filmmakers’ desire to tell more of the story,” a source close to the production says.
The third movie, should it happen, is not just an assemblage of excess footage left over from the shoot of the first and second movie: it will include new scenes that will be shot next summer over a two months period in New Zealand.
Of course, a third movie will affect the running time and, thus, the story that's being told in each of the movies.
Will there be enough story for three movies? The LA Times surmised that Jackson may mix in material from The Lord of the Rings appendixes to fill out the running time.
Before Comic Con, there was a rumor that Jackson may make a third Hobbit movie, but the official stance at the time was that there are and will be only two movies because only two was planned.
Will the third movie happen? If the idea originated from Peter Jackson and if everyone's on board, then it's only a matter of time.