Yes you read that right. According to reports and a confirmation from TheOneRing.Net, Elijah Wood will be reprising his role as Frodo in The Hobbit. How will it work? It’s actually a really cool idea. At the end of The Lord of the Rings you see Frodo finishing writing “The Lord of the Rings” in the Red Book of Westmarch. In The Hobbit, the opening scene will show Frodo opening Bilbo’s book and begin reading “There and Back Again”. It’s an excellent way to introduce people to the movie being a prequel to The Lord of the Rings.