THE HOBBIT delayed until late 2012

Looks like we won't be hanging with the Bagginses anytime soon. Though Peter Jackson and company have continually said the two Hobbit films are on track for a late 2011 theatrical release, Warner Bros. President Alan Horn is saying otherwise. In an interview with Variety, he said that they aren't sure exactly when the first film will be released, but late 2012 is likely. 

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