Tim Stack
October 16, 2010 AT 05:10 PM EDT

Image Credit: Mike Flokis/Getty ImagesWarner Bros., New Line Cinema and MGM have finally officially announced that Peter Jackson will direct J.R.R. Tolkien’s The Hobbit with production beginning in February 2011. The film is planned to be divided into two installments and will be shot in 3D. Said Jackson, “Exploring Tolkien’s Middle-earth goes way beyond a normal film-making experience. It’s an all-immersive journey into a very special place of imagination, beauty and drama. We’re looking forward to re-entering this wondrous world with Gandalf and Bilbo – and our friends at New Line Cinema, Warner Brothers and MGM”.

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