The ‘Hobbit’ Trilogy reportedly cost $745 Million to make the trilogy.
Warner Bros. believes in Peter Jackson to make The Hobbit a success. So far, The Hobbit films have made nearly $2 billion in global box office sales for the first two films. But, according to recent financial documents filed in New Zealand the movie studio paid $745 million to make the franchise.
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The latest financial statements show that production costs through March 2014 had reached $745 million (NZ$934 million). The films were made in the never-before-seen frame rate of 48 frames per second and shot in 3D. [THR]
The cost of production on The Hobbit films is three times as much as Peter Jackson spent on making The Lord Of The Rings trilogy.
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It was initially estimated to cost Warner Bros. $300 million to make to make two movies. However, Warner Bros was interested in making it into a trilogy. Which is probably a good idea since, The Hobbit: An Unexpected Journey made over a billion dollars and The Hobbit: the Desolation of Smaug made $958 million. Warner Bros. was able to get $112 million from New Zealand taxpayers due to New Zealand’s incentive program designed to attract major feature films.
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The report does not feature a breakdown of costs. But, the cost for the Hobbit Trilogy probably cost more than $745 million when movie studios pay millions for commercials, marketing, and distribution costs.
The next feature film set to film in New Zealand is James Cameron’s Avatar. New Zealand increased that incentive program to ensure James Cameron filmed the franchise in the country.
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