Peter Jackson Announces Third Hobbit Movie

eldavojohn writes "Unless his Facebook account has been hacked, Peter Jackson has announced a third movie for The Hobbit series: '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.' Other sites are confirming this while Variety notes that filming has been wrapped on the first two so doing a third film will require a restart to all of that effort including re-negotiations with rights holders and acting schedules. **potential spoiler alert** From Peter Jackson's announcement: '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.' How much of Middle Earth would you like to see on film?"