"The Hobbit 3: The Battle of Five Armies" will hit the theaters at the end of the year, but it's not surprising that so many fans of the movie and "Lord of the Rings" trilogy are waiting for regular updates. So, what is the latest on "The Hobbit 3?" The movie trailer is coming out this July.

A report from OneRing.com states that the movie trailer is set to be released on July 20. Well, this is an educated hunch as the people behind OneRing.com based it on the release of the past trailers. If this is true, we'd all get a closer look at what to expect in "The Hobbit 3: The Battle of Five Armies."

According to IBT, the plot of the third Hobbit movie will stay close to the plot of the book, where Thorin Oakenshield will sacrifice himself. Fans of the movie are hoping that in the movie, Oakenshield stays alive.

Nevertheless, there hasn't been much spoilers about the movie that came out yet. But some of them include the "epic battle," as what David Clayton describes the battle between Smaug and the good guys to IGN. In fact, the movie will open with Smaug terrorizing Lake Town.

Benedict Cumberbatch plays Smaug and he shared to Den of Geek how he got the role of Smaug in the first place. "I loved bringing him to life. My dad bought me the books when I was a kid. I auditioned for it, and I moved - much to the consternation of the casting director, Dan Hubbard - and when I met Peter Jackson, he said, 'You'd be great as the voice of Smaug'. And I said, 'Well, can I do the movement?'"

Cumberbatch continued, ""He said, 'What do you mean?' And I said, 'Well, I know a lot of it will be computer effects, and WETA and all the rest of it, but can I use motion capture to ground the physical reality of it? To give them an idea of the drama, and how this mythical creature should be humanised.' He said, 'Yeah, alright'. And that's how we started it."

Sauron will also return in "The Hobbit 3." The White Council will attack him and Sauron will be defeated.

And what does Martin Freeman have to say about his character Bilbo Baggins in the final Hobbit movie? Freeman told The Mirror, "He's still the same person he was – not a fighter or adventurer by nature – but he finds a bravery that he didn't know he had and, more importantly, that none of the others knew he had."