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Speculation has risen online that there is a planned third movie in the Hobbit series adding to the two movies already in the works from Peter Jackson. As we had reported earlier, Jackson and Del Toro are well under way with a remake of the original Hobbit book and another creation that spans between “The Hobbit” and “Fellowship of the Rings”.

According the TheOneRing, another third movie is in the works based on previously unreleased material from the Tolkien Estate:

Our insider also mentioned some legal wrangling with the Tolkien Estate to acquire additional rights to materials not currently under license which would provide the bulk of the plot for the third movie.

If speculation is correct, this trilogy will rival in size and scope the first trilogy fondly known as LOTR by fans. The LOTR trilogy has grossed world wide in excess of $US 3 Billion and is the 15th, 2nd and 8th highst grossing movies ever.

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