Three Times The Hobbit?

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Originally Posted by Inziladun

I just saw this article today, which states that there is apparently a desire to have The Hobbit be released as a trilogy, rather than the expected two films.

I could see having The Hobbit as two films, as it'd have to be one long film to get a decent story across (and shorter films make more money).

But three?

I've read the Appendices, and am not sure what's got Jackson all excited. What? The Battle of Nanduhirion? How 'bout just sticking to the story at hand?