Ha fooled you! Bazinga! It's a 1985 Russian parody of The Hobbit, with English subtitles. You should know that QuasarDragon doesn't believe in piracy so would never knowingly link to a real leaked copy of The Hobbit: An Unexpected Journey. (If this is your first visit here, among other things QuasarDragon links to free, legal Fantasy, Science Fiction, and Horror stories, many of them quite professional and extremely good). Embedded is part one, with links to all six parts below it.
Part One, Part Two, Part Three, Part Four, Part Five, Part Six.