- Advertisement -
AppsEntertainmentAmazon's 'Lord of the Rings' series will cost at...

Amazon’s ‘Lord of the Rings’ series will cost at least $465 million for first season

-

- Advertisment -spot_img


Still from “Lord of the Rings: The Fellowship of the Ring.”

New Line Cinema

Amazon’s “Lord of the Rings” television show is shaping up to be a costly endeavor for the tech company.

On Friday, New Zealand’s minister for economic development and tourism revealed that the fantasy drama will be one of the most costly television series ever made, with its season one price tag coming in at around $465 million.

“But what I can tell you is Amazon is going to spend about $650 million in season one alone,” Stuart Nash told Morning Report. The figure he provided was in local currency.

The production figure is massive and likely the largest sum any studio has spent to produce a single season of television. For comparison, HBO’s “Game of Thrones” cost around $100 million per season. Season one episodes cost around $6 million each and eventually rose to around $15 million by season eight.

Amazon shelled out around $250 million for the rights to the Tolkien property in 2017.

“This will be the largest television series ever made,” Nash said.

The figures, released as part of the New Zealand government’s Official Information Act, were first reported by the New Zealand-based outlet Stuff. Its report indicated that Amazon is looking to film five seasons in the country and possibly produce a spinoff series.

Amazon’s spending in New Zealand will trigger a tax rebate of around $114 million and has been flagged as a “significant financial risk” by the country’s treasury. There’s no cap on how much Amazon is allowed to spend, and therefore, New Zealand could be on the hook for hundreds of millions of dollars to help subsidize the project.

However, the production will likely bring a large financial boost to the local economy, as Amazon pays for local labor, hotels and food, among other things. Then there is the future tourism bump. Peter Jackson’s “Lord of the Rings” and “Hobbit” film trilogies were a big boon to New Zealand, as they brought in travelers from around the world.

The “Lord of the Rings” series is currently in production and expected to debut in late 2021.


LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Opinion | If you want a world where our sons and daughters are equal, stop doing all the housework

Some — usually straight — women I know turn themselves inside out to set a feminist agenda for...

As vaccinations drop, outreach workers hit the streets to change minds

DETROIT — Tanika Knighton knows how devastating Covid-19 can be: Her 62-year-old father died of the disease last...

Payment tech company Marqeta files for IPO as value tops $16 billion on private markets

Marqeta Headquarters in Oakland, Calif.Yalonda M. James | San Francisco Chronicle | Hearst Newspapers via Getty ImagesMarqeta has...

After CDC change, Walmart says employees, customers can ditch masks

Masks will no longer be required for fully vaccinated Walmart employees or customers starting Tuesday, the retailer said...
- Advertisement -spot_imgspot_img

Earnings reports and the Fed will test the market rally in the week ahead

Investors will see whether stocks carry their newfound momentum into the week ahead, as major retailers, including Walmart...

Deadly violence intensifies in Gaza Strip and Israel as Biden urges de-escalation

President Joe Biden pauses while speaking in the East Room of the White House in Washington, D.C., U.S.,...

Must read

- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you