The film will focus on events after the defeat of the red dragon Smaug around Lake-town and end where An Unexpected Journey begins, with Bilbo writing his adventuring memoirs. Notably, the title of this memoir is where the film gets its name (and is regarded as an alternate title for the source material).
To highlight a few of the major plot elements from the film, Smaug is defeated by the black arrow of the leader of Lake-town, Bard. While Bilbo assists in the dwarven reclamation of Erebor, the Lonely Mountain, he stumbles across the Arkenstone. The Arkenstone, mentioned in the first film of the trilogy, is a legendary artifact from the days of Thorin Oakenshield's father. The Wood-elves and Lake-men who assisted in the defeat of the red dragon, now assail the dwarven hold, seeking compensation for their role in Smaug's destruction. Bilbo tries to offer the Arkenstone as a peace offering, but this does not work. Thorin will have none of it and he banishes Bilbo from the country right as a war between 5 races (lake-men, dwarves, elves, Bilbo, and later on a battalion of goblins and their sentient wolf-like wargs) is on the horizon. Gandalf will arrive with the giant eagles as well as Beorn, averting the heavy casualties. However, Thorin becomes fatally injured and grants Bilbo a portion of the dwarven hold in compensation for being a loyal and trustworthy companion to the dwarves.
'The Hobbit: There and Back Again' Release Date Delayed. Peter Jackson's third and final film in "The Hobbit" series has been pushed back. When is it, and why was it moved?
It was a controversial choice with fans when announced, but it's now unavoidable: Peter Jackson wanted those appendices filmed, and by gum, he's going to film them. Once a theatrical two-parter, MGM and Warner Bros. Friday announced the title and 2014 release date of the climax to "The Hobbit."
The rumors are now confirmed: "The Hobbit" will be a trilogy, with a third movie set to follow a year after the second. Get the details here.