Originally Posted by HolyHandgernade
So, my guess is the second film will end with the battle with Smaug and the third will incorporate the Battle of Five Armies?
There's a reference in that update you posted to the Battle of Dol Guldur, which was never (to my knowledge) an actual battle. The Wise "drove out" the Necromancer, revealed to be Sauron, but it's not at all clear that it took a massive set-piece battle to do it. Again, AFAIK.
I think there's plenty of material, but stringing it all together in a coherent fashion is going to be a real challenge. No idea how they're going to try to sequence it so that it works, and so that each movie has a solid ending.