Peter Jackson Dispels 'Hobbit' Rumors, Confirms Screenplay

As it turns out, the only sure things about 'The Hobbit' are that it's being directed by Guillermo del Toro and executive-produced by 'LOTR' guru Peter Jackson -- and that they've just finished writing the script for the project's two films. As for the rest of the rumors? Well, as Jackson told us, don't believe everything you read on the Interwebs.