"Hobbit" Delayed Until Late 2012 Looks like the film is being delayed yet again, studio said 2012 then Peter Jackson came out and said that those rumblings weren't true, that it would get the 2011 release date as planned. But here is the news from the studio and we are now back till 2012 Once the script for the second film is in -- Jackson and his longtime collaborators Fran Walsh and Philippa Boyens are working on it with Del Toro -- New Line will work up a budget for both films and start casting. New Line exec Michael Disco, who was once Emmerich's assistant, will oversee for the studio. Horn won't predict when the first of the two "Hobbit" films will be out, but says the most probable scenario would be a release in the fourth quarter of 2012. Related News- Del Toro Updates Hobbit Info Please Leave A Comment- Source- Variety