Lord of the Rings TV series estimated to have $1 billion budget
The TV adaptation will explore new storylines preceding Tolkien’s The Fellowship of the Ring
Filming is expected to start soon in New Zealand for Amazon's new Lord of the Rings television series. Pre-production for the upcoming show, based on JRR Tolkien’s fantasy novels, has already started in the country that was also home to the feature films. It is estimated that the budget of the project could hit $1 billion after taking into account the production costs, visual effects, and the cast and creative teams. Amazon bought the global rights to the property by paying around $250 million.
"As we searched for the location in which we could bring to life the primordial beauty of the Second Age of Middle-earth, we knew we needed to find somewhere majestic, with pristine coasts, forests, and mountains, that also is a home to world-class sets, studios, and highly skilled and experienced craftspeople and other staff," showrunners and executive producers JD Payne and Patrick McKay said Tuesday in a statement. "We’re happy that we are now able to officially confirm New Zealand as our home for our series based on stories from JRR Tolkien’s The Lord of the Rings."
The TV adaptation will explore new storylines preceding Tolkien’s The Fellowship of the Ring.
The theatrical adaptations, directed by Peter Jackson, earned a combined gross of nearly $6 billion worldwide and received 17 Academy Awards in total.