BBC News said:Filming on The Hobbit is set to begin in February after it was finally given the go-ahead by film studio bosses. Warner Bros also announced that Peter Jackson, who directed the Oscar-winning Lord of the Rings trilogy, would helm the two-part prequel.
The films, based on JRR Tolkien's book, had been delayed for months due to MGM Studios' - which owns half the project - ongoing financial woes.
No release dates for the movies have been given.
Source: BBC News Website
Rumoured that Part 1 to be slated for December 2012
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