Based on the length of the LOTR movies, early estimates are that the combined running time for this trilogy will be 1 month, 7 days, 16 hours.
Personally, we can't wait. We're huge Hobbit heads or double H'ers as we refer to ourselves alone in our bedroom. That's why we're hoping cinemas decide to play the movies back-to-back, offering an all-inclusive package that includes bed and board. Alcohol, popcorn and those little mints you get on your pillow will be available but as an optional extra.
Writing on Facebook (from the shire?), Peter Jackson admitted that "in the words of Professor Tolkien himself" adapting the book had been "a tale that grew in the telling" and he'd made the decision to "tell the full story of the adventures of Bilbo Baggins."
Sometimes when we're bored we like to go into our local jewellery shop, ask to look at a ring and when they ask for it back say, "Master wants his Precious" in our best Gollum voice. We're since been banned from every H Samuel in the UK.
The three Lord of the Rings films made £2bn at the box office - slightly more than Sir Paul McCartney got for singing at the Olympic opening ceremony - so it's fair to say Peter Jackson's financial future is rosier than Spain's.
Anyway, the first instalment of The Hobbit is due in all good cinemas on 14 December. We'll be there dressed as Bilbo Baggins. Or Martin Freeman, we haven't decided yet.
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