Yes, there is a Hobbit film out. It is quite good
actually...
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december 2013
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Though the date is subject to change, The Hobbit is scheduled
for a December 2011 release.
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Yes, the Desolation of Smaug
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No, the third movie concluded the Hobbit movie series. The
events at the very end of the Hobbit, lead on to the events of the
beginning of the Lord of the Rings trilogy.