Warner Bros. and New Line are making new Lord of the Rings movies, beginning with the tentatively titled The Hunt for Gollum and later continuing with other unannounced projects in the future. Writer Philippa Boyens recently cleared up some confusion about The Hunt for Gollum, confirming it’s not going to be split into two films.
“I can tell you definitively it isn’t two films” she told Empire. The Oscar-winner said this was a “genuine misunderstanding” of what Ian McKellen said in September. At the time, McKellen said he’s been informed about two new Lord of the Rings films, and the internet ran with this quote and took it to mean The Hunt for Gollum was going to be a two-parter, even though McKellen never said that.
Boyens said she is working on “two different live-action films” at the moment, the first being The Hunt for Gollum and a second to be announced later. There is no word yet on what the next film after The Hunt for Gollum could be, but films based on characters like Aragorn, Gandalf, and Galadriel are possible.
Source: Gamespot Lord Of The Rings: The Hunt For Gollum Is Not Two Movies