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The Hobbit has been given the go ahead - but where is Jackson going to make it?
After years of setbacks, The Hobbit has finally been greenlit with Peter Jackson set to direct.
The Lord of the Rings filmmaker will helm two installments. In a statement, Jackson said: "Exploring Tolkein's Middle-earth goes way beyong a normal filmmaking experience. It's an all-immersive journey into a very special place of imagination, beauty and drama."
Jackson takes over from Guillermo Del Toro, who was originally attached to direct the Hobbit films but pulled out earlier this year. The project was almost stalled by a dispute between the studio and an actors union.
The two movies will reportedly shoot back to back in 3D from February, and will be released in 2012.
Jackson's Lord of the Rings trilogy made almost $3 billion at the worldwide box office. The third chapter, Return of the King, won 11 Academy Awards including Best Picture.
If he doesn't make it in NZ he may as well stay where he makes it!