This third film in the franchise, preceded by An Unexpected Journey (2012) and The Desolation of Smaug (2013), makes extensive use of the appendices that Tolkien wrote to expand the story of Middle-Earth, and which were published in the third Lord of the Rings book, The Return of the King.
Adapted from J.R.R Tolkien's children novels, the incredibly successful fantasy films, directed by Peter Jackson, have spanned 13 years since the first Lord of the Rings film was released.
The Hobbit: The Battle of Five Armiesis out in cinemas later in 2014
One of the special features of The Hobbit is the fact that it is shot using 48 frames per second instead of the traditional 24, resulting in razor-sharp picture quality.
"I really think 48 frames is pretty terrific and I'm looking forward to seeing the reaction," Peter said of the first film in 2012. "It's been talked about for so long, but finally the film is being released and people can decide for themselves."
The Hobbit: The Battle of Five Armies is out later in 2014