( CNN ) -- Eavesdropping is n't cool -- - unless , of course , you 're Bilbo Baggins trying to get the scoop on the dastardly dragon Smaug . In an exclusive extended clip from the first installment of Peter Jackson 's `` The Hobbit '' trilogy , pop culture 's beloved hobbit ( as played by Martin Freeman ) is seen overhearing an intense debate between Gandalf ( Ian McKellen ) and Elrond ( Hugo Weaving ) . In December 2012 's `` The Hobbit : An Unexpected Journey , '' Bilbo Baggins is drawn into a dangerous mission to reclaim the dwarf kingdom of Erebor from the beastly Smaug . Led by the warrior Thorin Oakenshield ( Richard Armitage ) , Baggins teams with a group of 13 dwarves on a quest that pits them against a host of foes , from goblins to giant spiders . To Gandalf , this journey is crucial , but Elrond is n't so sure . Check out the video above to find out why . `` The Hobbit : An Unexpected Journey '' arrives on DVD/Blu-ray November 5 . This year 's second part , `` The Hobbit : The Desolation of Smaug , '' arrives in theaters December 13 , with the final installment , `` The Hobbit : There and Back Again , '' opening December 17 , 2014 .
Extended clip from `` The Hobbit '' shows a talk between Gandalf and Elrond . In the extended version of `The Lord Of The Rings', you can see that there is an extra scene in which Bilbo talks to Frodo about his quest for the One Ring. The movie will arrive on DVD/Blu-ray November 5 .