Re: THE HOBBIT (2012/2013): News, Rumors, Pics Till Release
I can't remember where it was to track it down again, but I read a report Friday from a site I trust that said they are not doing a third movie. I'm assuming the extra footage will just be for the extended editions.
They say a little knowledge is a dangerous thing, but it is not one half so bad as a lot of ignorance. - Terry Pratchett, Equal Rites