Warner Bros. released the latest trailer for The Hobbit: An Unexpected Journey on Wednesday as part of the Tolkien week festivities, which includes the 75th anniversary of the publication of the book, as well as Hobbit Day, the birthday of characters Bilbo and Frodo Baggins.
         
The two-and-a-half-minute trailer shows Bilbo Baggins embarking on his adventure with the wizard, Gandalf, as he leaves the comfort of the Shire.

Oscar-winning director Peter Jackson plans to release the first of the three-part film series on Dec. 14, 2012 and will continue to release one installment annually through to the summer of 2014.  

The Hobbit trilogy comes after Jackson’s box-office and Oscar success of the Lord of the Rings film franchise. It explores the journey of hobbit Bilbo Baggins and how he came to possess the ring that he later passed onto his kinsman, Frodo Baggins.
         
The three films are based on novelist J. R. R. Tolkien’s epic fantasy The Hobbit and is a prequel to the storyline in the Lord of the Rings series. To date, the trilogy of Rings books has sold more than 150 million copies around the world.