Guillermo also hinted his next directorial project is a horror film he wants to begin shooting in May.
On 'The Hobbit' Guillermo Del Toro did talk a little about it and expressed his interest in Peter Jackson taking over from him:
"I think at this stage I can safely tell you what I did," said del Toro when a fan popped the big "H" question. "It's a fact. We had a wonderful two years in New Zealand. We completely designed everything -- 98 percent of the movie was fully designed. We were well into 50 percent or 60 percent of the second movie in terms of design."
He explained that his Hobbit definitely had its own look, though it still paid tribute to Peter Jackson's Lord of the Rings.
"And when I was in charge, the balance was enough to say it was a unique take," he continued. "But whenever it intersected strongly with the trilogy, Rivendell for example, we were being respectful and allowing it to be canon for people to recognize [these locations]. So those things were safe. But on the other hand, we were trying a lot of stuff."
And now, even though he's off the project due to its continued delays, he still has high hopes for it.
"I think that further than that, I can just say as a fan -- because I have no more authority over the movie -- but as a fan, I hope that those movies get made," he said. "I hope they get made as soon as possible. And I hope to God Peter Jackson directs them, because they're beautiful and they're needed in the world."