The Guardian makes the announcement.

Guillermo del Toro has officially signed up to direct The Hobbit, according to reports leaking out from a film premiere in France. The Pan’s Labyrinth creator will oversee a double-bill of films based on JRR Tolkien’s fantasy adventure, which paved the way for The Lord of the Rings. Peter Jackson, director of the Oscar-winning Rings trilogy, will serve as executive producer.

Many thanks to the near-omniscient Brendan Ribera for drawing this information from a cloud.

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