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It does kind of bums me out to have to wait 3/4 years to see this series finally continue, but in all honesty it's actully better since the more time they have, the more likely it will be that it won't be rushed together and suck.During a live chat on Weta's website, producer Peter Jackson and director Guillermo del Toro spoke out about the schedule for The Hobbit and its untitled sequel.
"At this point in time the plan is to write [the screenplays] for the rest of this year and start early conceptual designs. 2009 will be dedicated to pre-production on both movies and 2010 will be the year we shoot both films back to back," Jackson told fans. "Post production follows one film at a time with The Hobbit being released December 2011, and (Film Two) release Dec 2012. That is the schedule in about as much detail as we have ourselves at the moment."
Del Toro said the ratings for the two Hobbit movies would be the same as the Lord of the Rings trilogy, "an intense PG-13."
Del Toro also added this about casting: "No casting has started yet ... but some people have thrown their helmet into the ring."
Ian McKellen (Gandalf), Viggo Mortensen (Aragorn), and Andy Serkis (Gollum) are all expected to reprise their roles in one or both of the films.