The Hobbit trilogy has cost $561 million so far

Nearly double the cost of The Lord Of The Rings

 
Peter Jackson’s budget for the Hobbit trilogy has soared past the half a billion mark, nearly doubling the amount of money spent on the initial Lord Of The Rings series.
 
Variety reports that Jackson and crew have currently spent $561 million on the new series, with that total set to rise as work continues on the next two installments.
 
That total covers 266 days of filming, two years of post-production and two months of additional shoots, with the film’s costly visual effects accounting for a significant chunk of the outlay.
 
Jackson’s decision to shoot both at 48 frames per second and in 3D was taken at considerable expense, albeit allowing the film to command higher ticket prices.
 
That said, studio bosses won’t be tearing their hair out just yet, given that the first film has already amassed more than $1 billion at the box office, with the next two likely to follow suit...

The Hobbit: The Desolation Of Smaug will open in the UK on 13 December 2013. 

Are you excited for the next installment in the series? Tell us, below! 

Comments

    • timotey

      Oct 7th 2013, 11:15

      Divided by three it's still cheaper per movie than The Avengers, TDKR, Lone Ranger, Man of Steel etc. and so on. Not bad.

      Alert a moderator

    • edfeetham

      Oct 7th 2013, 12:47

      Seems to reflect the relative lack of editorial restraint shown during the first movie and in some of Jacksons recent work (ahem King Kong). I love Jackson but he needs to find a new editor and perhaps dial back on the self-indulgence of the Hobbit. Great adaptions not only know what to cut but when to add. The Hobbit and it sequels seem to have added material hand over fist for no real narrative purpose. IMO of course guys, if you love The Hobbit, all power to you!

      Alert a moderator

    • Ali1748

      Oct 7th 2013, 15:49

      Money well spent!

      Alert a moderator

    • vinnym1980

      Oct 7th 2013, 23:19

      edfeetham he spends time editing cause he wants to get it right, im sure your a movie making expert. it might end up costing 700 million for 3 films but there gonna make 3.5 billion so they let him do whatever he wants. Saying that the first film wasn't has good has the lord of the rings movies, 3 stars i reckon the others will be better.

      Alert a moderator