“We’re currently working on the second script which we hope to have completed by the end of this year or beginning of next. When the scripts are completed, we can begin with the exact calculation of the necessary budget. We hope to start filming in the middle of next year. However, we’ve received no green light from the studio yet.”
The film was originally expected to begin filming in March of next year.
The Hobbit, Part 1 is scheduled to hit theaters in December 2011 folowed by The Hobbit, Part 2 in December 2012.