The Last of the Rings: final Hobbit trailer released

Martin Freeman as Bilbo Baggins in The Hobbit: The Battle of the Five Armies

Will the final Hobbit film end the Middle Earth saga with a whimper or a bang? See the trailer

LAST UPDATED AT 14:22 ON Tue 29 Jul 2014

When the first of three Hobbit films was released in 2012, writer/director Peter Jackson was accused of milking the Middle Earth saga for more than it was worth. JRR Tolkien's The Hobbit was, after all, a comparatively slight tome, compared with the sprawling three-part epic that comprised the Lord of The Rings trilogy.

The first film in the Hobbit series, An Unexpected Journey, attracted mixed reviews. After years of development, the movie arrived "not on wings of gossamer fancy but with a hairy-footed thud", said Ann Hornaday in the Washington Post. The film has a three-star rating on the film review aggregator Rotten Tomatoes, and is considered by many to be the weakest of Jackson's efforts so far.

But the series was reinvigorated by its second instalment – The Desolation of Smaug. "With the introductions and bag-packing out of the way from the first film, the new movie jumps straight into the action and doesn't relent until the cliff-hanger ending almost three hours later," said the Globe and Mail's Liam Lacey.

For the final film, Bilbo – played by Sherlock star Martin Freeman – returns for an epic battle in Middle Earth.

"One day I'll remember," Bilbo says in the trailer. "Remember everything that happened here – the good, the bad, those who survived and those that did not."

See the trailer in full below:

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