The Hobbit is being made into a movie! Two movies.
The movie will be coming out in two installments, back to back
Shooting begins next year, and yes the director is Peter Jackson so if you loved Lord of the Rings then stay tuned for The Hobbit.
For more information click the link below.
http://www.cbsnews.com/stories/2010/10/17/entertainment/main6967649.shtml
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