Just two weeks ago, the idea that Peter Jackson would split The Hobbit into three movies instead of two as originally planned seemed like wild, unfounded speculation. But then Jackson began floating the possibility at Comic-Con, negotiations with Warner Bros. picked up, and now Jackson has confirmed that it’s official: The Hobbit will be a trilogy.

The details are still being hammered out, so there’s a lot that even the folks involved aren’t sure of at this point. However, we do have an inkling of what the title and timetable might be. Jackson is reportedly eyeing a summer 2014 release date for the third movie, though an exact date has not been announced. As for the title, domain registrations suggest The Hobbit: The Desolation of Smaug and The Hobbit: Riddles in the Dark as potential names. Read more after the jump.

UPDATE: Jackson has taken to Facebook to post his own statement about the decision to split The Hobbit into three films, while the studio has issued a new press release. Read Jackson’s comment after the jump.

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