Originally Posted by Krumm
As much I hated the Hobbit (one of the most boring movie experiences of my life), I wouldn't go so far as to call it a complete money grab. I think it mostly suffered from a filmmaker who loves the source material so much that he couldn't make smart choices when adapting it to film. Books and films do not follow the same dramatic structure -- sacrifices must be made.
I don't know how much Jackson loves the source material because practically none of the added material is actually from the appendices or Tolkien. The movie is so horrendously unfaithful to the books. The thing I've always disliked Jackson for is that he makes changes, but not in service of the themes or spirit of the source material. Typically, the changes undermines those things. Before TDKR, Nolan typically was the opposite, his changes to story or characters arguably served the the spirit or themes of the source material.