The Ang Lee helmed adaption of the novel “Life of Pi” will be pushed back one week in order to avoid any potential competition with Peter Jackson’s Lord of the Rings” prequel, “The Hobbit”.

Jackson has also recently announced the titles for each part of his newest franchise. Part 1, with the tentative release date of December 2012 will be titled “The Hobbit: An Unexpected Journey” and part 2, “The Hobbit: There and Back Again” which is slated for a December 2013 release.

(via: THR and AP)