In what was the most inevitable (and correct) conclusion to the Hobbit director fiasco, Deadline is reporting Lord of the Rings trilogy helmer Peter Jackson has “decided to direct two installments of The Hobbit.” His deal is currently in negotation “right now with Warner Bros and MGM.”

Guillermo Del Toro dropped out late May of this year and since there has been rumors of Neill Blomkamp and David Yates taking over but deep down we all know Jackson is the man for the job.

Currently Jackson is “trying to get MGM’s owners to do what is needed to make the back-to-back films possible for an end of the year shoot.” This certainly isn’t the end of The Hobbit pre-production story and we will keep you updated with more details as they come.

He was certainly our number one choice.

Are you happy Jackson is directing The Hobbit? Is it a smart move for him?