Finally, speculations and debate about what would be the plot for the second Hobbit movie can stop, Petter Jackson and Guillermo del Toro talked to Empire magazine and revealed all.

“We’ve decided to have The Hobbit span the two movies, including the White Council and the comings and goings of Gandalf to Dol Guldur,” says Del Toro.

“We decided it would be a mistake to try to cram everything into one movie,” adds Jackson. “The essential brief was to do The Hobbit, and it allows us to make The Hobbit in a little more style, if you like, of the [LOTR] trilogy.”

Now we can begin to speculate where the cut is going to be =)

Thanks EM!