Overall this is fun watch and the first movie of this childrens book. We reached a moment where fans like myself of the franchise are so protective. So I can go in about the lore, but IMO that completely defeats the purpose of this little adaption made for the youngest ones. The right were with someone who was reaching the end of his time with the right: So created a mini story of the Hobbit to make a movie later.
Having done that intro: The animation is very cool and well done, it gives a dark fairytale feeling and that feels correct. The voice over is is fitting and pleasant. And a new main character is introduced (which probably people with have feelings about) haha.
It's short and some scenes are recognizable at the base, but there a lot of liberties taken, so expects some twists and turns. Personally I just laughed about it.
It could have been a bit longer, BUT this was created more then 50 years ago with a different purpose in mind.
For me an 8 (it really looks great and it entertains), but let me add that I have full understanding for people who think that this is absolutely blasphemous.