"Hobbit" trilogy costs $561 million, so far

"Hobbit" trilogy costs $561 million, so far

October 4th, 2013 by Associated Press in Local - Breaking News

Making "The Hobbit" movie trilogy has cost more than half a billion dollars so far, double the amount spent on "The Lord of the Rings" trilogy.

That figure includes the major shoots with actors, although there will likely be additional post-production costs as the next two movies are completed.

Through March 31, production had cost 676 million New Zealand dollars, or $561 million at current exchange rates, according to financial documents filed Friday in New Zealand, where the movies are being made.

Distributor Warner Bros. and director Peter Jackson may consider it money well spent. To date, only the first movie in the latest trilogy has been released. "The Hobbit: An Unexpected Journey" took in just over $1 billion at the box office.

The documents, filed online by New Zealand's Companies Office, provide a rare insight into the exact costs of a blockbuster Hollywood production. Often studios release only rough estimates, if anything.