The Hobbit Movie Begins Filming

The Hobbit movie will has finally begun. After a long delay because of Oscar-winning director Peter Jackson’s perforated ulcer, the first day of the shooting took place at Stone Street Studios in Wellington, New Zealand.

The $500 million-budget fantasy movie will have two parts — both will be prequels of the hit movie “The Lord of the Rings” trilogy. The first is rumored to be titled The Hobbit: There and Back Again and the second one is The Hobbit: An Unexpected Journey.

The two Hobbit films are due to be released late 2012 and 2013, respectively.