BREAKING: Peter Jackson has just confirmed that he will split The Hobbit into three films, the third of which will be released sometime in the summer of 2014. Jackson dropped hints about this at Comic-Con, explaining that he had a wealth of storytelling that came from 125 pages of appendices that JRR Tolkien included in a later publication of The Return of the King, the final installment of The Lord of the Rings. I wrote a piece skeptical of milking three movies out of a single book, and 125 pages of notes, and I hope that Jackson delivers the goods. I don't believe there have been any renegotiation with talent that should be paid an extra check for another film, even if they didn't know they were making three. Those details are still being worked out.
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