Festive, you are quite correct. it is a trilogy.
http://en.wikipedia.org/wiki/The_Hobbit_..._series%29
Quote:The Hobbit is an upcoming film series consisting of three epic fantasy-adventure films directed, co-written and produced by Peter Jackson and based on J. R. R. Tolkien's fantasy novel of the same name. The films are, by subtitle, An Unexpected Journey (2012), The Desolation of Smaug (2013) and There and Back Again (2014).
Quote:Although originally made as a two-part film, Jackson and MGM have confirmed plans for a third film as well.[145][146][147]
On 30 July 2012, Jackson confirmed plans to make a third film, turning his adaptation of The Hobbit into a trilogy.[145][146] According to Jackson, the third film would make extensive use of the appendices that Tolkien wrote to expand the story of Middle-Earth (published in the back of The Return of the King).
http://en.wikipedia.org/wiki/The_Hobbit_..._series%29