I still think those original quotes were blown way out of proportion, but it appears the rumors are true — the Hollywood Reporter says that Jackson is meeting with the producers and WB to see if they can get the money worked out. This would mean they’d have to shoot more principle photography (which, as you might recall, just wrapped up). More importantly, if you’re wondering where the hell Jackson would get the source material to eke a third movie out of The Hobbit, the answer is in Tolkien’s ridiculous mountains of Middle-Earth notes and appendices, which actually do detail a few things that went on during The Hobbit that weren’t described in The Hobbit.
But the bigger question is this: Should Jackson turn The Hobbit into a trilogy? We were all kind of freaked out when we heard he was turning The Hobbit into two movies; three movies, even using Tolkien’s actual notes, sounds insane. I don’t doubt that Jackson would turn them into solid movies — indeed, I think the changes he made to LotR to make the series more palatable to mass audiences were pretty uniformly brilliant — but this isn’t just altering things, it’s adding them, and a lot of them. Even with Tolkien-created material as a fill-in, at a certain point I feel like The Hobbit movie would stop recognizably being The Hobbit.
PJ and the money men haven’t decided anything yet, but THR says they’ll need to decide very soon if they want to do it at all, so expect an announcement in the next few weeks. Because I’m pretty sure this is happening. Last time Peter Jackson made a Tolkien trilogy, he made everyone a bajillion dollars. If he wants to make another Tolkien trilogy, I’m pretty sure people are going to let him. (Via /Film)