This past week has proven to be both good and bad for Lord of the Rings fans.

While fans of the franchise's latest film, The Hobbit: An Unexpected Journey, rejoiced this weekend over its box office achievement in earning more than $1 billion, Warner Bros. confirmed that the second film in the three-part series, The Hobbit: There and Back Again, will not be released in theaters until December 13, 2014. The delay is about six months later than its initial release date of July 18, 2014.

There is no word as to why the decision was made for the delay in the Peter Jackson-helmed project, which was filmed at the same time as the other two installments.