The production of “The Hobbit” trilogy has a total astounding amount of $745 million. Read on to know more about the details of this scoop.
With great movies made up of visual effects, come great production costs. In Hollywood, there are films that are driven with abyssal plotlines, there are also those driven with eye-popping visual effects and there are also the special ones that get packed with both audience-grabbing aspects. From “The Lord of the Rings” trilogy, Peter Jackson has already made a hefty despite the semi small budget that he had to create for the three films. Now that he helmed three more under “The Hobbit” franchise, it would appear that the cost for the overall production for the latest Middle Earth trilogy reached a baffling amount of $745 million.
JoBlo reports the information decimated by Associated Press that the total expenses for the entire production of “The Hobbit” trilogy has reached $745 million – overwhelmingly surpassing the cost for “The Lord of the Rings” which would indicate the increase in a threefold financial setup. Originally, the franchise was supposed to be set for two films only, under the helming duty of Guillermo del Torro – with a $150 million budget on each film.
In an additional feature by The Hollywood Reporter, Warner Bros. made the solid decision to establish a subsidiary company stationed in New Zealand to monitor the outgoing and ongoing expenses for the production, and these are all available to the public. As it appears, the latest financial breakdown of the production since March 2014 has reached multimillion dollar amount. Contributory to such exceedingly high expenses is with the way “the films were made in the never-before-seen frame rate of 48 frames per second and shot in 3D” – therefore tripling the LOTR budget ultimately.
When Warner Bros. and New Line Cinema were asked regarding the discovery of the expenses, senior vice president Candice McDonough responded via email that they make it an SOP not to give statement regarding production budgets. With the release of such information, it is unclear if the worldwide marketing and distribution costs were included on the publicized breakdown. Not only that, there were also no registered estimated costs during the final eight months of the film proceeding to the release of “The Hobbit: Battle of Five Armies.”
Be that as it may, “The Hobbit” trilogy still proves to be highly profitable as the first two films managed to haul in a total of $1.98 billion in the box office. There’s also the third and final chapter heading to the cinemas on Dec. 17, 2014.
That concludes our scoop regarding “The Hobbit” trilogy’s production budget. Continue to visit Movie News Guide (MNG) for more updates in the entertainment world.
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