It's (Almost) Official: Peter Jackson To Direct 'The Hobbit'

Peter JacksonIt's been a rough road for "The Hobbit" ever since Guillermo del Toro announced that he would no longer be directing the two-part prequel to "The Lord of the Rings" trilogy. But finally there's some light at the end of the Shire.

Yes, at long last, Peter Jackson is in final talks to direct the two films, according to TheWrap. He has long been the choice director for the film considering his success with "The Lord of the Rings" films, and has been the front runner for many fans and the films' stars since del Toro's departure. According to The Wrap, Jackson's directing fee and percentage of the gross have been settled, though there are a number of lesser details that still need to be settled.

This stellar news comes in the wake of less sunny reports that issues with New Zealand's actors union could cause the movies to be filmed elsewhere, though hopefully those conflicts will be resolved soon. However, there was good news over the weekend that the film is close to actually heading into production and will likely be filmed in 3-D.

"I wouldn’t stake my life that it will happen in the next two weeks," one of The Wrap's sources said of the film's green-lighting. Still, things are looking more promising for "The Hobbit" than they have in a while. As of right now, the first "Hobbit" film is slated to be released in mid-December 2012, with the second film hitting theaters the following year.

Now all we need is for Martin Freeman to work out his scheduling conflicts so he can play Bilbo Baggins. Well, we'll just count our blessings for right now.

Are you glad that Peter Jackson will bedirecting "The Hobbit" films?