Sir Peter Jackson's The Hobbit: An Unexpected Journey has lost out to musical Les Miserables and Ang Lee's Life of Pi at this year's Bafta Awards .
Les Mis topped the New Zealand-made blockbuster in the sound and hair and makeup categories, while Life of Pi took out best special effects.
The Hobbit also suffered a friendly ribbing from Bafta host Stephen Fry in his opening address.
Fry, who has a cameo role as Master of Laketown in The Hobbit trilogy, made light of whether he would feature in the next instalment, after his part was left out of An Unexpected Journey.
"Though my part remains in the cutting room, thus making it more, for me, frankly The Hobbit: A wasted journey," he said.
The comedian said his scenes could be expected in the next Hobbit film unless Jackson manages to "squeeze another volume out of the slim volume Tolkien wrote".
"You can expect to see me in The Hobbit 9: Are we nearly home yet Gandalf," he joked.
Famous for his prolific tweeting, Fry wrote about the "gorgeous" New Zealand scenery and applauded the Kiwi flat white during his time filming The Hobbit.
Hobbit fans will have to wait for another two weeks to see if the first instalment in the trilogy manages to win at the Oscars.
The Hobbit received three Oscar nominations for best production design, visual effects and makeup and hairstyling but was sidelined in the best picture, best director or any of the leading actor categories.
The Hobbit: The Desolation of Smaug will be released in December.