Jackson and del Toro to write 'The Hobbit'

'Lord of the Rings' filmmakers Peter Jackson and Guillermo del Toro have called off their search for a writer to pen franchise prequel 'The Hobbit' - after deciding they are best suited for the task.

'The Hobbit' director del Toro and Jackson, who directed the first three original films, had previously launched a global search for a scribe to adapt J.R.R. Tolkien's classic to the big screen.