January 21, 2017 | Updated at 10:58 AM EST The Latest Entertainment & Celebrity News

'The Hobbit: The Desolation of Smaug' Trailer: Trilogy Costs Over $561 Million, Peter Jackson Defends Multifilm Decision VIDEO

'The Hobbit: The Desolation of Smaug' Trailer: Trilogy Costs Over $561 Million, Peter Jackson Defends Multifilm Decision VIDEO

By Vanessa Frith, EnStars on Oct 04, 2013 06:09 PM EDT
facebook tweet this pin it reddit plus
Sign Up for Newsletter
The Hobbit: Desolation of Smaug
The Hobbit: Desolation of Smaug (Photo : Warner Bros./The Hobbit website)

A new trailer for The Hobbit: The Desolation of Smaug recently drew the praise of fans, but the total cost of production for the Peter Jackson trilogy will also make your jaw drop.

The three films comprise a prequel to the Lord of the Rings trilogy and, as a whole, cost $561 million to date, according to the Associated Press. The figure was gleaned from financial documents filled in New Zealand, the country that has provided the awe-inspiring scenery for The Hobbit and the Lord of the Rings.

Although this number alone makes the films more costly than the original Lord of the Rings trilogy ($281 million) and the Star Wars prequel trilogy ($343 million), according to Box Office Mojo, the price can still go up and does not include some recent shoots, according the the Associated Press.

However, Peter Jackson has defended the decision to make the single book by J.R.R. Tolkien into a multipart film.

"The book is written in a very brisk pace, so pretty major events in the story are covered in only two or three pages," Jackson said in December, according to The Hollywood Reporter. "So once you start to develop the scenes and plus you wanted to do a little bit more character development, plus the fact that we could also adapt the appendices of Return of the King, which is 100-odd pages of material that sort of takes place around the time of The Hobbit, so we wanted to expand the story of The Hobbit a little bit more, as did Tolkien himself."

The Hobbit: An Unexpected Journey debuted last December and raked in $303 billion. The Desolation of Smaug will hit theaters Dec. 13 while the last installment, There and Back Again, will be released in December 2014.

Check out the new trailer for The Desolation of Smaug below.

© 2017 Enstarz, All rights reserved. Do not reproduce without permission.

  • SEARCH ENSTARS

Latest News

Saturday Night Live

Here's How to Watch Tonight's SNL Featuring Aziz Ansari & Big Sean

Aziz Ansari hosts tonight's 'Saturday Night Live', with musical guest Big Sean, and Alec Baldwin will be making a special appearance as President Donald Trump.

Apple Watch Collection

What To Expect From Apple Watch 3

Apple Inc. might have introduced a mass of important upgrades on its Apple Watch Series 2 that makes the tech world probably to eagerly await the launch of the tech giant’s next-generation smartwatch, the Apple Watch 3.

Honor 8

Huawei Honor 8 Now Receiving Android 7.0 Nougat OTA Update Worldwide

Owners of the Honor 8 in Japan started receiving the Android 7.0 Nougat update a few days ago and the same update is now reportedly rolling out worldwide.

Pippa

Pippa Middleton's Photo Hackers Arrested After They Tried To Sell Intimate Shots

A couple of hackers were caught trying to sell Pippa Middleton's pictures of her wedding dress fittings, as well as some nude shots of her boyfriend.

A Samsung Galaxy Note 7 Being Called Back

Galaxy Note 7 Fiasco: Samsung To Reveal Investigative Findings On Causes Of Explosion; Livestream Schedule Detailed

Samsung has confirmed it will be holding a press conference to reveal its investigative findings on the recalled Galaxy Note 7.

Real Time Analytics