Financial documents published in New Zealand and revealed to British newspaper The Guardian have revealed that Peter Jackson’s “The Hobbit” trilogy has reached a total cost of over $745 million U.S. dollars.
This would make it the most expensive film production of all time as all three movies were shot back-to-back in a giant single production. The financial report covers only up through March of this year, which means the final total could go even higher.
Of course, no-one is losing any money over this. For starters, the trilogy scored around $120 million in tax breaks from the New Zealand government, due to more than three times that amount being spent in the country on filming and visual effects.
More importantly though, the two films released so far have grossed a whopping $1.98 billion, and it’s expected the trilogy will close out its theatrical run with around $3 billion in worldwide revenue – putting the whole film series very much in the black.
“Pirates of the Caribbean: At World’s End” remains the single most expensive film ever made at $300 million.