Peter Jackson is set to direct J.R.R Tolkiens 'The Hobbit' in a two-part 3D-production of extraordinary scope. The two films based on The Hobbit are now greenlit and will begin principal photography in February 2011, under the direction of Peter Jackson, it was jointly announced by Toby Emmerich, President and Chief Operating Officer, New Line Cinema, Alan Horn, President and Chief Operating Officer, Warner Bros. and Steve Cooper, co-Chief Executive Officer of Metro-Goldwyn-Mayer Inc.