To quote from another massive franchise – “Just when I thought I was out, they pull me back in.”
http://www.deadline.com/2010/06/will-directing-in-middle-earth-be-too-hard-a-hobbit-to-break-for-peter-jackson/
Peter Jackson might wind up directing both Hobbit films
June 02, 2010
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This assumes they can get the film off the ground. Isn’t a failure to launch why the previous director quit?
I think the hold-up has more to do with MGM which retains some rights, but is on the brink of bankruptcy. It sounds like once that is resolved the movies are a go. It’s too big a money-maker to let it lay dormant much longer, and it makes sense that Jackson could be back at the helm for these two. I wouldn’t complain.