Warner Brothers movie studio who’s backing Peter Jackson’s Hobbit trilogy will be hoping for big returns at the box office this winter to help off set the amount of money it’s paying for the films.
Warner Brothers recently filed some financial reports in New Zealand. In the reports Warner Brothers reveals the Hobbit movies have cost them so far $561 million U.S. dollars for the 266 days Peter Jackson’s crew shot in 2012. This amount does not take in to account the possible re-shoots that may have to be done still.
The amount so far spent on the Hobbit trilogy currently doubles the amount it cost Peter Jackson to make all three Lord of the Rings movies. In comparison it only cost George Lucas $343 million to make the three Star Wars prequel movies.
The high cost so far could have something to do with Jackson’s decision to shoot in 3D and at 48 frames per second.
When all three movies are done and in the can as they say the Hobbit trilogy could be one of if not the most expensive movie productions of all time.
The Hobbit: The Desolation of Smaug – December 13, 2013
The Hobbit: There and Back Again hits Theaters December 2014