Elijah Wood will reprise his role as Frodo in The Hobbit for Peter Jackson.

Shooting is set to commence next month in New Zealand on the MGM, New Line and Warner Bros two-part epic.

Warner Bros will handle the bulk of the worldwide release with the first episode set for Decemer 2012 and the second a year later.

Wood has also signed a deal to play Ben Gunn in Stewart Harcourt’s adaptation of Robert Louis Stevenson’s Treasure Island along side Eddie Izzard in a two-part, four-hour mini-series.