Hobbit fans need only wait seven months between the second and third instalments of Peter Jackson's highly anticipated trilogy.
Warner Bros Pictures and Metro-Goldwyn-Mayer Pictures announced the final film in the series will be called The Hobbit: There and Back Again and released worldwide on July 18, 2014.
The title was taken from the second instalment, which will now be called The Hobbit: The Desolation of Smaug.
The launch dates for all three films are - The Hobbit: An Unexpected Journey, December 14 2012; The Hobbit: The Desolation of Smaug, December 13 2013; The Hobbit: There and Back Again, July 18 2014.
Adapted from JRR Tolkien's beloved masterpiece, The Hobbit series will be released in High Frame Rate 3-D, other 3-D formats, IMAX and 2-D.