Ok, I think damn near everyone knows that Guillermo del Toro is no longer directing THE HOBBIT films. So what is his next project?

Deadline is reporting that H.P. Lovecraft’s AT THE MOUNTAINS OF MADNESS will be the basis for his next film.

The Barren, windswept interior of the Antarctic plateau was lifeless–or so the expedition from Miskatonic University thought. Then they found the strange fossils of unheard-of creatures…and the carved stones tens of millions of years old…and, finally, the mind-blasting terror of the City of the Old Ones.

The planned film will be shot in 3D with James Cameron as a co-producer. Sound goods to me. It is about time that a decent film was made from Lovecraft’s material.