There will be no need to call Peter Jackson‘s conclusion to The Hobbit trilogy The Hobbit 3 any longer because its finally got a new title. Well more like its taking a title. When it was announced that there would be The Hobbit Trilogy, the third and final film had no title. Now The Hollywood Reporter is confirming that the concluding film will be titled The Hobbit: There and Back Again, while the second film will be titled The Hobbit: The Desolation of Smaug.

Those are just some of the major developments that’s has been happening since it was confirmed that The Hobbit would be turned into a trilogy. Though it was earlier reported that there was no budget for the film, Warner Brothers seems to believe in Jackson, as they should, that he can give a proper adaptation.

The first two films will keep their intended release dates, The Hobbit: An Unexpected Journey hits theaters on December 14 of this year, while the newly titled The Hobbit: The Desolation of Smaug opens in theaters on December 13, 2013. Now The Hollywood Reporter confirms that WB will be releasing The Hobbit: There and Back Again on July 18, 2014.

Here’s what WB President of Domestic Distribution Dan Fellman had to say about the new title and release date for the final film in The Hobbit Trilogy.

Sounds like a very similar move that WB did back when the final two Matrix sequels were released. This will mark the first time that one of Jackson’s adaptions of J.R.R. Tolkien’s novels have opened outside of the winter holiday.

Jackson has proclaimed that he has shot more than enough footage for both films and that he could use that unused footage for the third. He also said that they would fill in some gaps for the third film by shooting some new scenes next year.

Do you think it’s a good move for WB to release The Hobbit: There and Back Again during the summer blockbuster season?

[Source: THR]