Evangeline Lilly has also been added to the star cast of the film. She plays the role of a female elf.
Jackson has written the screenplay with Lord of the Rings co-writers Fran Walsh and Philippa Boyens, and Guillermo del Toro.
Will 'The Hobbit:The Desolation of Smaug' be able to strike the right chord with the audiences?
'Oldboy' is based on 2003 Korean cult thriller. The film revolves around an advertising guy who is locked in a hotel room for 20 years.
When he is finally released, he starts looking for the identity of his captivator.
The film then follows his journey as tries to put together the pieces of the mystery and get back his life.
The film also stars Evangeline Lilly, Lee Pace, Luke Evans, Ken Stott, James Nesbitt and Orlando Bloom.
Ian McKellen will yet again reprise the role of wizard Gandalf the Grey in the film.
The film begins with hobbit Bilbo Baggins's journey with wizard Gandalf and the dwarf Thorin Oakenshield.
The three travel to Kingdom of Erebor to combat the dragon Smaug.
But in his quest, he falls for an attractive woman which mars his search process. Directed by Spike Lee, the film stars Samuel L. Jackson and Elizabeth Olsen.
Peter Jackson is back with the second installment of 1937 novel 'Hobbit' called 'The Hobbit:The Desolation of Smaug'.