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When they made the big announcement on the 18th of December there was another - unofficial - report that said one idea was to release THE HOBBIT at midnight and to precede it with showing all three Extended editions of the LOTR films. Given that the three run 11 hours and 20 minutes, with time between for short breaks, and another 2.5 to 3 hour HOBBIT film, thats some 15 hours of filmed Middle-earth. That would be taxing on the most fanatic of us.
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