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Old September 2 2012, 06:01 AM   #942
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Re: THE HOBBIT (2012/2013): News, Rumors, Pics Till Release

It seems to me now that the first movie will end after Thorin and Company escape Mirkwood, and the second movie will be about arriving at Lake-town, investigating the Lonely Mountain, and the death of Smaug. Then the third will be about the aftermath of that and the Battle of Five Armies, along with Bilbo returning home.

Maybe they thought that Smaug and the battle would have been too much to cover in just one film.
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