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'Hobbit' director del Toro quits

Guillermo del Toro will no longer direct "The Hobbit," but will continue for the next several months to polish the scripts for the two-part "Lord of the Rings" prequel alongside Peter Jackson, Philippa Boyens, and Fran Walsh. Del Toro made the announcement Sunday via the J.R.R. Tolkien fan site TheOneRing.net.

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