Peter Jackson Might Have 3rd ‘Hobbit’ Movie In The Works

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(CNN) — Neither of the anticipated “Hobbit” films has arrived in theaters yet, but there are already reports surfacing that “The Lord of the Rings” filmmaker Peter Jackson may have a third installment up his sleeve.

According to the Los Angeles Times, Jackson and studio Warner Bros. (which is owned by the same parent company as CNN) are seeking to stretch the two-film “Hobbit” franchise into a trilogy, with Jackson on board to oversee all of them.

Principal photography on the first two films wrapped in New Zealand this month, with “The Hobbit: An Unexpected Journey” scheduled to be released on December 14 of this year, followed by “The Hobbit: There and Back Again” on December 13, 2013.

It sounds as if Jackson indicated to the studio that there was enough material from J.R.R. Tolkien’s classic to create a third film, according to three people who were not authorized to speak publicly, per the L.A. Times. What would be held to explore in a third film and how that would affect the initial two isn’t known, but the Times suggests that it could also potentially focus on adapting material from “The Lord of the Rings” appendixes, which hasn’t been done before.

But apparently it’s not a done deal yet, as there are reportedly a number of actors and rights-holders who must be legally consulted first.

To that end, says the newspaper, talks with a number of the franchise’s key actors — including Martin Freeman and Ian McKellen — are currently underway.

Neither the studio nor Jackson have commented on the reports.

By Tomika Anderson, Special to CNN

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