'The Hobbit' Starts Filming, New Photos Released

The greatest adventure is what lies ahead — and it all starts today.

At long last, after several years of development that has seen the comings and goings of key creative talents alongside the unending devotion of a passionate but decreasingly patient fan base, "The Hobbit" is officially underway. Warner Bros., New Line Cinema and MGM announced via press release that the cameras are rolling on Peter Jackson's two-part "Lord of the Rings" prequel, marking a new chapter in the journey to explore Middle-Earth on the big screen.

Beyond the much-needed sigh of relief that comes with the news of "The Hobbit" entering production, we also have our first official look at the film as well as a new plot synopsis. Catch the whole story past the jump.

The story of "The Hobbit," according to the new synopsis:

“The Hobbit” follows the journey of title character Bilbo Baggins, who is swept into an epic quest to reclaim the lost Dwarf Kingdom of Erebor, which was long ago conquered by the dragon Smaug. Approached out of the blue by the wizard Gandalf the Grey, Bilbo finds himself joining a company of thirteen dwarves led by the legendary warrior, Thorin Oakensheild. Their journey will take them into the Wild; through treacherous lands swarming with Goblins and Orcs, deadly Wargs and Giant Spiders, Shapeshifters and Sorcerers.

Although their goal lies to the East and the wastelands of the Lonely Mountain first they must escape the goblin tunnels, where Bilbo meets the creature that will change his life forever … Gollum.

Here, alone with Gollum, on the shores of an underground lake, the unassuming Bilbo Baggins not only discovers depths of guile and courage that surprise even him, he also gains possession of Gollum’s “precious” ring that holds unexpected and useful qualities … A simple, gold ring that is tied to the fate of all Middle-earth in ways Bilbo cannot begin to know.

The two-part adaptation of "The Hobbit" are planned to arrive in theaters in late 2012 and 2013, respectively. Keep it locked into MTV News as we learn more about the production.

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