February 11, 2016 | Updated at 11:58 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 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

RihannaBrown

They May Be Exes, But The Drama Is Far From Over Between Chris Brown & Rihanna

It's one of the most tumultuous celebrity relationships in recent history, and it looks like things are far from settled when it comes to these two musical superstars.

Wyatt and Steffy are stunned when they finally hear from Liam on the February 11, 2016 episode of 'The Bold and the Beautiful'

Steffy & Wyatt Are Shocked When They Finally Hear From Liam On 'The Bold and the Beautiful'

The reaction they get from him will be one they never expected

Johnny Manziel and Colleen Crowley

Johnny Manziel's Grandfather Blasts Ex-Girlfriend, Says She's Got 'Problems!'

Johnny Manziel's grandfather has taken a stand against Colleen Crowley.

Bones

Fox Finally Announces Return Date For 'Bones'!

The network also revealed the progress of Hodgins in the midseason premiere.

A dangerous fire breaks out at Hope's house on the February 11, 2016 episode of 'Days of Our Lives'

A Fire Breaks Out At Hope's House On 'Days of Our Lives'

Andre's threats will prove to be even more dire than believed

Full House

What Advice Is Candace Cameron Bure Giving Jodie Sweetin For 'Dancing With the Stars'?

The 'Full House' co-star is giving some invaluable advice to the other on how to succeed on 'DWTS.'

Jimmy Kimmel Reaction Clip

Jimmy Kimmel Filmed The Audience Reacting To A Graphic Movie Clip He Couldn't Air

The newest Sacha Baron Cohen comedy is so dirty that they couldn't show a clip when he was on 'Jimmy Kimmel Live', so they just filmed the audience's reaction.

Nick seeks answers after discovering Dr. Anderson's dead body on the February 11, 2016 episode of 'The Young and the Restless'

Nick Demands Answers From Victor About Dr. Anderson's Death On 'The Young and the Restless'

He will try to figure out what his father did that caused her to seek revenge as questions behind her murder remain unanswered.

K. Michelle

K. Michelle's Ex Lance Stephenson Goes Off On 'Nicki Minaj Wannabe'? She Responds

K. Michelle is back in the headlines this week after what could have been another socia media feud with an ex, Lance Stephenson.

Joe & Teresa Giudice

'RHONJ' Stars Teresa & Joe Giudice's Intimate Moments In Prison Revealed

Teresa and Joe Giudice took advantage of 'alone time' while she was in jail.

Real Time Analytics