“Hobbit” trilogy price tag exceeds half a billion dollarsOctober 7, 2013 - 10:41 AMT PanARMENIAN.Net - With a total budget of $561 million (and climbing), Peter Jackson’s Hobbit trilogy — the second installment opens this December — is the most expensive movie-making endeavor ever. Although, it should be pointed out that the first movie has already brought in more than one billion dollars for Warner Bros., the distributor of all three films, Time Entertainment reported. Financial documents disclosed in New Zealand, where the trilogy was shot—just like the much cheaper $281 million Lord of the Rings trilogy—shows that incredible sum has already been spent on The Hobbit, and does not include additional shoots or any further post-production work needed on the last two films. The second movie The Hobbit: The Desolation of Smaug is scheduled for a December 13 release; the final installment, The Hobbit: There and Back Again, will be in theaters a year later. The Hobbit movies are easily the most expensive production cycle ever, outpacing the pair of Pirates of the Caribbean: At World’s End and Pirates of the Caribbean: Dead Man’s Chest, which reportedly topped $500 million to create. Overall, Jackson’s team spent 266 days filming with actors, and the Associated Press reports that his decision to shoot in both 3-D and at 48 frames per second upped the price tag on the production. Related links: Top stories The creative crew of the Public TV had chosen 13-year-old Malena as a participant of this year's contest. She called on others to also suspend their accounts over the companies’ failure to tackle hate speech. Penderecki was known for his film scores, including for William Friedkin’s “The Exorcist”, Stanley Kubrick’s “The Shining”. The festival made the news public on March 19, saying that “several options are considered in order to preserve its running” Partner news | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |