Which Characters Would Return for The Hobbit?

(Reuters) Director Peter Jackson was in Berlin Monday for the European premiere of The Lord of the Rings: The Return of the King. While the rights to the project still belong to the Tolkien estate, he told the press he would like to make The Hobbit as well and work with some of the same actors again.
Many of the lead “Rings” characters do not appear in The Hobbit, but the wizard Gandalf, played by Ian McKellen, and Gollum, the cave dweller corrupted by the powerful ring, do and should make a comeback. Arwen, the elf princess played by Liv Tyler, could also feature again, Jackson said.

Jackson will take a few weeks off over Christmas and then start writing the script for his next project, a remake of the classic King Kong which, like the “Rings,” he will also film in New Zealand, using the same team of special effects experts.