( 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 . They 're discussing the pros and cons of trying to reclaim Erebor . The movie will arrive on DVD/Blu-ray November 5 .