The blogosphere is abuzz with rumors that Summit Entertainment will split the fourth book in Stephenie Meyer's 'Twilight' series into two films.

'The Twilight Saga: Breaking Dawn,' which is slated to go into production in October for a 2011 release, will most likely be produced back-to-back as two films, much like the last Harry Potter film and episodes two and three of 'Pirates of the Caribbean.'

According to a report at Hollywood Insider, the studio most likely will make a decision next week, though for now Summit is keeping a tight lip: "No decision has been made and as we have said all along we are continuing to work with Stephenie Meyer to bring BD to the big screen." The blogosphere is abuzz with rumors that Summit Entertainment will split the fourth book in Stephenie Meyer's 'Twilight' series into two films.

'The Twilight Saga: Breaking Dawn,' which is slated to go into production in October for a 2011 release, will most likely be produced back-to-back as two films, much like the last Harry Potter film and episodes two and three of 'Pirates of the Caribbean.'

According to a report at Hollywood Insider, the studio most likely will make a decision next week, though for now Summit is keeping a tight lip: "No decision has been made and as we have said all along we are continuing to work with Stephenie Meyer to bring BD to the big screen."

This of course makes great economic sense; 'Twilight' grossed $191 million and 'New Moon' grossed $294 million domestically, so adding a fifth film to the series will only cause box office turnstiles to spin faster. The third film in the saga, will open June 30.

It's almost certain that Summit will save money by making the two movies back-to-back, money they may put to use to hire "high-end" directors for the films, according to one report.

'Breaking Dawn' is the longest book in the series, and is divided into three sections, with the first third and last third told from Bella's (Kristen Stewart) point of view, and the middle third from Jacob's (Taylor Lautner) perspective. How Summit will split the book in half is anyone's guess.

If it were up to you, how (and where) should Summit split 'Breaking Dawn.' Let us know in the comment boxes below.