May 25, 2016 | Updated at 06:31 PM EDT 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.

© 2016 Enstarz, All rights reserved. Do not reproduce without permission.

  • SEARCH ENSTARS

Latest News

Ann & Josh Duggar

Is Anna Duggar Tightening the Reins on Her Husband Josh?

After years of struggling, it looks like Anna Duggar has finally taken the driver's seat in her marriage.

Rodrigo Alves

Rodrigo Alves Flashes Abs In New Underwear Snapshot

Rodrigo Alves is showing off some skin in a new social media snapshot.

Jeremy Calvert

'Teen Mom 2' Jeremy Calvert Shares A Bad Mom Meme On Instagram

'Teen Mom 2' Jeremy Calvert just shared an odd meme on Instagram. Is he dissing Leah Messer?

Jenelle Evans

'Teen Mom 2' Jenelle Evans is not in the Midst of a Third Pregnancy

'Teen Mom 2' Jenelle Evans wants fans to know she is not expecting a baby with boyfriend David Eason.

Miranda & Corey Simms

'Teen Mom 2' Corey & Miranda Simms Respond to Ali Backpack Backlash

Corey Simms and his wife, Miranda, are fighting back against rumors of bad parenting.

Real Time Analytics