Image Credit: Mike Flokis/Getty ImagesThe Hobbit has yet to receive the official green light, but the much-anticipated two-movie prequel to the Lord of the Rings trilogy is already on track to break a record. With a rumored price tag of $500 million, the movies would surpass the current record holders — The Pirates of the Caribbean sequels – for the most expensive movie production by about $50 million. At World’s End, which cost about $300 million, and was produced jointly with Dead Man’s Chest, for a combined total of around $450 million.
Swelling legal costs are, in part, responsible. (Read about the entire ‘Hobbit’ debacle here.) But even if the reported $100 million legal bill is indeed true, that’s still a major chunk of change for Jackson to work with, especially considering the other three films were made for $285 million combined.
Does Jackson plan on attaching the fur from rare animals to Bilbo’s feet in lieu of his brown fuzz? If they decide to go 3-D, will the effects be so awesome that the finished product makes Avatar look like flip-book animation? Or will legal troubles eat up so much of the gargantuan budget that we’ll be watching The Hobbit from the perspective of a stationary home video camera à la Paranormal Activity?
Who knows. The movie’s producers have certainly set aside a lot of money to make this happen, but what do you want to see? Do you want to see a high-budget, effect-driven epic adventure? Or would you rather see a movie that visually appears like a lead-in to the trilogy (even though they were made out of order)? Ponder below.
Related:
Peter Jackson’s ‘The Hobbit’: Is it closer to a green light?
Peter Jackson meets with New Zealand officials; ‘The Hobbit’ gains momentum
‘The Hobbit’ faces possible actors strike
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