Deadline.com: ‘Hobbit’ Trilogy Price Tag Over Half A Billion Dollars (So Far)

Deadline.com

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'Hobbit' Trilogy Price Tag Over Half A Billion Dollars (So Far) Oct 5th 2013, 00:00, by THE DEADLINE TEAM Warner Bros.‘ three Hobbit films have racked up over half a billion dollars in production costs, reports the AP, citing Kiwi financial filings that say Peter Jackson has spent $676 million New Zealand dollars ($561 million US) so far on his LOTR follow-ups. But that figure’s just the total so far as of March 31 and doesn’t include post-March spending, post-production expenses, and marketing costs. WB has additionally enjoyed $98 million worth of New Zealand tax incentives for shooting in the area. The first of the Hobbit pics, An Unexpected Journey, grossed over $1 billion worldwide after debuting last December. Sequel The Desolation Of Smaug is set to follow with a December 14, 2013 release followed by There And Back Again on December 17, 2014. Related: Race To Finish 'The Hobbit': Video Peter Jackson Confirms No 'Hobbit: The Desolation Of Smaug' At Comic-Con, Too Busy Finishing Sequels

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