It’s official: The Hobbit will be a Trilogy

Director Peter Jackson confirmed the news on Monday after hinting at plans to spread the story over a trilogy rather than just the two scheduled releases.

Jackson previously did three Lord of the Rings movies in the Middle Earth world.

The first movie, The Hobbit: An Unexpected Journey, opens in December.

A second installment called The Hobbit: There and Back Again is set to hit theaters for December 2013.

The “new” third movie is reportedly going to be released in summer 2014, although no official date is set.