Guillermo Del Toro in Talks to Direct Back-to-Back Hobbit Films!
Slated for release in 2010 and 2011.
A quick recap for those just joining us: Jackson was originally interested in adapting The Hobbit, but a very loud, very public squabble over profits between Jackson and New Line Studios for the Lord of the Rings trilogy put the kibosh on that project. The two parties reconciled their differences last December and Jackson, busy with The Lovely Bones and Tintin, joined The Hobbit as executive producer with creative control.
And now del Toro is in talks to direct the back-to-back Hobbit movies, each budgeted at $150 million (substantially higher than any of the Lord of the Rings movies). Filming will begin in 2009, with release dates currently set for 2010 and 2011. Currently, del Toro is putting the final touches on Hellboy II: The Golden Army. He was previously announced to begin work on 3993, a dramatic horror movie written by The Orphanage scribe Sergio G. Sanchez, and it's unknown how The Hobbit will affect that movie's production.
Source: The Hollywood Reporter