Read the book, much better and a classic, Tolkien was a wonderful author, he wrote extremely vivid, and fanciful talesLovely tales to pass the time reading quietly.
Here is a synopsis of the book:
https://en.wikipedia.org/wiki/The_Hobbit
Some story tellers have wonderfully vivid imaginations and an understanding of how to entertain their audiences. They are true Bards.

Definitely read the books. I have read and re-read them multiple times. I won't see the movies though because the books are so vivid in my mind.