Long before Bilbo's involvement, the Dwarf king Thrór brought an era of prosperity for his kin under the Lonely Mountain until the arrival of the dragonSmaug. Smaug destroyed the nearby town of Dale, drove the Dwarves out of their mountain and took their hoard of gold. Thrór's grandson, Thorin, sees King Thranduil and his Wood-elves on a nearby hillside, and is dismayed when they leave rather than aid his people, resulting in Thorin's everlasting hatred of Elves.
In the Shire, 50-year-old Bilbo is tricked by the wizardGandalf the Grey into hosting a dinner for Thorin and his company of Dwarves: Balin, Dwalin, Fíli, Kíli, Dori, Nori, Ori, Óin, Glóin, Bifur, Bofur, and Bombur. Gandalf's aim is to recruit Bilbo as the company's "burglar" to aid them in their quest to enter the Lonely Mountain. Bilbo is unwilling to accept at first, but has a change of heart after the company leaves without him the next day, racing to join them. Travelling onward, the company is captured by three Trolls. Bilbo stalls the Trolls from eating them until dawn, and Gandalf exposes the trolls to sunlight, turning them to stone. The company locates the Trolls' cave and finds treasure and Elven blades. Thorin and Gandalf each take an Elf-made blade, Orcrist and Glamdring, respectively; Gandalf gives an Elven dagger to Bilbo.
An artistic representation of the sword Glamdring based on its description in The Lord of the RingsThe sword Orcrist as seen in The Hobbit
The wizard Radagast the Brown finds Gandalf and the company, and recounts an encounter at Dol Guldur with the Necromancer, a sorcerer who has been corrupting Greenwood with dark magic. Chased by Orcs, Gandalf leads the company through a hidden passage to Rivendell. There, Lord Elrond discloses a hidden indication of a secret door on the company's map of the Lonely Mountain, which will be visible only on Durin's Day. Gandalf later approaches the White Council — consisting of Elrond, Galadriel and Saruman the White — and presents a Morgul blade, a weapon of the Witch-king of Angmar, which Radagast obtained from Dol Guldur as a sign that the Necromancer is linked to an eventual return of Sauron. While Saruman presses concern to the more present matter of the Dwarves' quest, requesting that Gandalf put an end to it, Gandalf secretly reveals to Galadriel he had anticipated this and had the Dwarves move forward without him.
The company journeys into the Misty Mountains, where they find themselves amid a colossal battle between Stone Giants. They take refuge in a cave and are captured by Goblins, who take them to their leader, the Great Goblin. Bilbo becomes separated from the Dwarves and falls into a crevice where he encounters Gollum, who unknowingly drops a golden ring. Pocketing the ring, Bilbo finds himself confronted by Gollum. They play a riddle game, wagering that Bilbo will be shown the way out if he wins or eaten by Gollum if he loses. Bilbo wins via trickery, and Gollum notices his ring is lost and that Bilbo has it. Chased by the furious Gollum, Bilbo discovers that the ring grants him invisibility, but when he has a chance to kill Gollum, Bilbo spares his life out of pity and escapes.
Meanwhile, the Great Goblin reveals to the Dwarves that Azog, an Orc war-chief who killed Thrór and lost his forearm to Thorin in battle outside the Dwarven kingdom of Moria, has placed a bounty on Thorin's head. Gandalf arrives and leads the Dwarves in an escape, killing the Great Goblin. Bilbo exits the mountain and rejoins the company, keeping his newly obtained ring secret. The company is ambushed by Azog and his hunting party and takes refuge in trees. Thorin charges at Azog, who overpowers and severely injures him with his Warg. Bilbo saves Thorin from the Orcs and challenges Azog, just as the company is rescued by eagles summoned by Gandalf. They escape to the safety of the Carrock where Gandalf revives Thorin, who renounces his previous disdain for Bilbo.
They see the Lonely Mountain in the distance, where the sleeping Smaug is awoken by a thrush knocking a snail against a stone.
The characters of Galadriel, Saruman, and Frodo Baggins appear in the novel The Lord of the Rings, but not in the novel The Hobbit. (Radagast was also dropped from the film version of Lord of the Rings, merely being mentioned in passing). Gandalf, Gollum, Bilbo Baggins, Elrond and the Necromancer appear in both novels, although the latter is referred to in Lord of the Rings as Sauron. Only Bilbo is portrayed by a different actor in the two sets of films, as the age difference affects his character more. The older Bilbo (Ian Holm) appears in the prologue section of this film.
Mark Hadlow as Dori: Nori and Ori's brother. He is described in the novel as "a decent fellow, despite his grumbling", while Thorin described him as being the strongest member of the company. Hadlow also plays Bert the Stone-troll.
Hugo Weaving as Elrond: the Elven-Lord of Rivendell, who gives shelter to Bilbo's party, despite Thorin's great suspicion of Elves. He was also portrayed by Weaving in The Lord of the Rings film trilogy.[13]
Manu Bennett as Azog the Defiler: the Orc chieftain of Moria who beheaded King Thrór in the battle of Azanulbizar and now hunts for Thorin and his company after taking an oath to break the line of Durin. He leads a band of Hunter Orcs and rides a huge white warg.
Stephen Ure as Fimbul, one of Azog's Orc hunters, and lieutenant to Yazneg. After Yazneg is killed, Fimbul becomes Azog's right-hand man. Ure also played a goblin, named Grinnah, who acted as the Great Goblin's acolyte.
Michael Mizrahi as Thráin II: the last Dwarf-King of Erebor and Thorin's father.
Benedict Cumberbatch as the voice of the dragon Smaug, as well as The Necromancer, a mysterious sorcerer residing in Dol Guldur with the ability to summon the spirits of the dead. Cumberbatch provided performance capture for the character's brief appearance in this film.[18]
Cameos in the film include director Peter Jackson and editor Jabez Olssen as Erebor Dwarf refugees running from the dragon Smaug in the opening prologue; picture double Hayden J. Weal as a dwarf carrying gems during Thranduil's visit in Erebor; James Nesbitt's then-wife Sonia Forbes-Adam as Belladonna Took, Bilbo's mother; Nesbitt's daughters Peggy and Mary as children of Dale; Luke Evans as Girion; and production designer Dan Hennah as the Old Took, Belladonna's father. Peter Jackson's daughter, Philippa Boyens's second son, and Andy Serkis' children appeared in the Old Took's party; and Jabez Olssen's wife and children, Weta Workshop founder Richard Taylor's children, and set decorator Ra Vincent's children can all be seen in the market scene. Writer for Ain'tItCoolNews.com, Eric Vespe, portrays Fredegar Chubb, the fish seller at the market. The appearances in the Old Took's party and the market scene are shown only in the extended edition.
A film adaptation of J. R. R. Tolkien's novel The Hobbit (1937) was in development for several years after the critical and financial success of The Lord of the Rings film trilogy (2001–2003), co-written, co-produced, and directed by Peter Jackson. Jackson was initially going to produce and write a two-film adaptation of The Hobbit, which was to be directed by Guillermo del Toro.[19] Del Toro left the project in May 2010, after about two years of working with Jackson and his production team, due to delays caused in part by financial problems at Metro-Goldwyn-Mayer.[20] Jackson was announced as director that October.[20]The Hobbit films were produced back to back, like The Lord of the Rings films. Principal photography for The Hobbit films began on 21 March 2011 in New Zealand[21] and ended on 6 July 2012, after 266 days of filming.[22]Pick-ups for An Unexpected Journey were filmed in July 2012 as well.[23] Work on the film was expected to be completed on 26 November, just two days prior to the film's Wellington premiere.[24]
Jackson had said that del Toro's sudden exit created problems as he felt he had a very little preparation time remaining before shooting had to begin, with unfinished scripts and without storyboards, which increased the difficulty to direct it. Jackson stated, "Because Guillermo del Toro had to leave and I jumped in and took over, we didn't wind the clock back a year and a half and give me a year and a half prep to design the movie, which was different to what he was doing. It was impossible, and as a result of it being impossible I just started shooting the movie with most of it not prepped at all. You're going on to a set and you're winging it, you've got these massively complicated scenes, no storyboards and you're making it up there and then on the spot."[25][26][27]
Jackson also said, "I spent most of The Hobbit feeling like I was not on top of it. Even from a script point of view, Fran [Walsh], Philippa [Boyens] and I hadn't got the entire scripts written to our satisfaction, so that was a very high pressure situation".[28][29][30] However, Jackson goes on to explain in the DVD/Blu-ray featurettes the various ways in which he and his crew overcame the obstacles encountered during filming. They found ways of making things work, even in a "very high pressure situation" in which he and his crew found themselves, especially the shooting of the Battle of the Five Armies which was shifted from 2012 to 2013 to be properly planned and shot.[31][32][33]
High frame rate
The Hobbit: An Unexpected Journey used a shooting and projection frame rate of 48 frames per second, becoming the first feature film with a wide release to do so.[34] The new projection rate was advertised as "High Frame Rate" to the general public. However, the majority of cinemas projected the film at the industry standard 24 fps after the film was converted.[35][36]
The musical score for An Unexpected Journey was composed, orchestrated, conducted and produced by Howard Shore. It was performed by the London Philharmonic Orchestra, London Voices and Tiffin' Boys Choir and featured several vocal soloists. The score reprised many themes from the Lord of the Rings trilogy but also introduced numerous new themes, including Shore's orchestral setting of the diegetic "Misty Mountains" song.[37]
Animal deaths
At the facility where about 150[38] animals were housed for the production of The Hobbit: An Unexpected Journey, up to 27 animals died.[39][40] The animals in question were horses, goats, chickens and one sheep.[38]
The first trailer for An Unexpected Journey was first screened before the Jackson-produced The Adventures of Tintin in the US on 21 December 2011,[41] and released on the Internet on the same day.[42] Geoff Boucher of the Los Angeles Times said, "While it was all too fleeting there was enough in it to stir the heart of fans."[43] Jen Chaney of The Washington Post stated, "Visually and tonally, this preview for [An Unexpected Journey] looks like a perfect match for the Frodo Baggins tales that released in 2001, 2002 and 2003. […] But plot isn't the main matter at hand in the trailer… This clip is all about reacquainting us with Middle-earth."[42]
Jackson, Freeman, McKellen, Armitage, Serkis, Wood, and co-screenwriter Philippa Boyens appeared at the 2012 San Diego Comic-Con promoting the film and screening 12 minutes of footage.[44]
On 8 October 2012, Wellington Mayor Celia Wade-Brown announced that for the week of the premiere of The Hobbit: An Unexpected Journey, the capital of New Zealand would be renamed the "Middle of Middle-earth".[45]
Video games
Guardians of Middle-earth, which was released with the special disclaimer on the front art, marking the connection to the feature film and contains models and characters from The Hobbit: An Unexpected Journey, including Nori, Gollum, Dwalin and others.
Lego The Lord of the Rings, which was released around the same time as the motion picture and contains a Lego model of Radagast, based on his portrayal in The Hobbit: An Unexpected Journey.
The Hobbit: Kingdoms of Middle-earth, which features characters and locations as well as the elements of the official soundtrack.
The world premiere of The Hobbit: An Unexpected Journey took place on 28 November 2012 at the Embassy Theatre in Wellington, New Zealand,[46] with a full theatrical release in New Zealand on 12 December. The film was released 13 December 2012 in Europe, 14 December 2012 in India, Canada and United States,[47][48] and 26 December 2012 (Boxing Day) in Australia. It was also screened at the 65th Royal Film Performance in London on 12 December 2012, an event held in aid of the Film & TV Charity.[49]
Around 100,000 people lined the red carpet on Courtenay Place for the film's premiere, and the entire event was broadcast live on TV in New Zealand, as well as streaming over the internet.[50]
An extended edition of the film had a limited re-release on 5 October 2015, accompanied by a special greeting from Peter Jackson.[51]
Home media
The Hobbit: An Unexpected Journey was released on DVD, Blu-ray and Blu-ray 3D on 19 March 2013,[52] with an extended edition, with 13 minutes of additional footage and three bonus discs containing approximately nine hours of special features, released on 5 November 2013.[53][54][55][56]An Unexpected Journey's home video sales made a revenue of $99 million with 6.2 million copies sold, making it the third best-selling title of 2013 behind Despicable Me 2 and The Twilight Saga: Breaking Dawn – Part 2.[57] In the United Kingdom, the film was released on 8 April 2013.[58]
An Unexpected Journey was released in Ultra HD Blu-ray on 30 November 2020 in the United Kingdom and on 1 December 2020 in the United States, along with the other films of the trilogy, including both the theatrical and the extended editions of the films.[59]
Reception
Box office
The Hobbit: An Unexpected Journey grossed $303 million in the United States and Canada and $718.1 million elsewhere for a worldwide total of $1.017 billion,[6] becoming the 15th film in history to reach $1 billion. It is the fourth highest-grossing film of 2012.[60] It scored a worldwide opening weekend of $222.6 million,[61] including $15.1 million from 452 IMAX theatres around the world, which was an IMAX opening-weekend record for December.[62]
An Unexpected Journey earned $13.0 million during its midnight run, setting a December midnight record[63] (previously held by Avatar).[64] It then topped the box office on its opening day (Friday, 14 December 2012) earning $37.1 million[65] from 4,045 theatres (midnight earnings included), setting a December opening-day record (previously held by The Lord of the Rings: The Return of the King).[66] By the end of its first weekend it grossed $84.62 million, finishing in first place and setting a then December opening-weekend record (previously held by I Am Legend).[67] 3D showings accounted for 49% of weekend ticket sales while IMAX showings generated $10.1 million (12% of the weekend gross).[67] The film held onto the top spot for a second weekend, despite declining 57% to $36.7 million.[68]An Unexpected Journey remained at the top of the box office during its third weekend, dropping only 11% to $32.9 million.[69]
An Unexpected Journey earned $11.2 million on its opening day (Wednesday, 12 December 2012) from 16 markets.[70] Through its first Sunday, it managed a five-day opening-weekend gross of just under $138 million. It topped the box office outside North America on two consecutive weekends. In Sweden, it scored the second-largest five-day opening with $6.2 million (behind Harry Potter and the Deathly Hallows – Part 2). Its three largest openings occurred in the UK, Ireland, and Malta ($18.8 million); Russia and the CIS ($17.8 million), and Germany ($17.1 million).[71][72]
Critical response
After the New Zealand premiere, Television New Zealand noted that critical responses were "largely positive" but with "mixed responses to the film's technological advances".[73] After the film's international release, Forbes called reviews "unenthusiastic" and the Los Angeles Times said the critical consensus is that the film "stumbles".[74][75]
The film holds a 65% rating on Rotten Tomatoes based on 305 reviews, with an average score of 6.60/10. The site's consensus reads "Peter Jackson's return to Middle-earth is an earnest, visually resplendent trip, but the film's deliberate pace robs the material of some of its majesty."[76] On Metacritic, the film has a score of 58 out of 100 based on collected reviews from 40 critics, indicating "mixed or average reviews".[77]
The main contention of debate was regarding the film's length, its high frame rate, and whether or not the film matched the level of expectation built from The Lord of the Rings film trilogy, while the film's visual style, special effects, music score, and cast were praised, especially the performances of Martin Freeman, Ian McKellen, Richard Armitage, and Andy Serkis.[78] Audiences polled by CinemaScore, during the opening weekend, gave the film an "A" grade on a scale from A+ to F.[79]
Peter Travers of Rolling Stone criticised the film's use of "48 frames per second… Couple that with 3D and the movie looks so hyper-real that you see everything that's fake about it… The 169 minutes of screen time hurts, since the first 45 minutes of the film traps us in the hobbit home of the young Bilbo Baggins," but continued with "Once Bilbo and the dwarves set on their journey… things perk up considerably. Trolls, orcs, wolves and mountainous monsters made of remarkably pliable stone bring out the best in Jackson and his Rings co-screenwriters Fran Walsh and Philippa Boyens."[80]
Robbie Collin of The Daily Telegraph gave the film two stars out of five and said "Thank heavens for Andy Serkis, whose riddling return as Gollum steals the entire film. It is the only time the digital effects and smoother visuals underline, rather than undermine, the mythical drama of Bilbo's adventure. As a lover of cinema, Jackson’s film bored me rigid; as a lover of Tolkien, it broke my heart." He thought the film was "so stuffed with extraneous faff and flummery that it often barely feels like Tolkien at all – more a dire, fan-written internet tribute."[81]
Time Out magazine's Keith Uhlich called the film "a mesmerizing study in excess, Peter Jackson and company's long-awaited prequel to the Lord of the Rings saga is bursting with surplus characters, wall-to-wall special effects, unapologetically drawn-out story tangents and double the frame rate (48 over 24) of the average movie."[82]
The Guardian magazine's Peter Bradshaw commented on use of high frame rate technology and length of the film, writing "After 170 minutes, I felt that I had had enough of a pretty good thing. The trilogy will test the stamina of the non-believers, and many might feel ... that the traditional filmic look of Lord of the Rings was better."[83]
Richard Lawson from The Atlantic Wire commented on the film's "video game"-like visual effects, saying "this is a dismally unattractive movie, featuring too many shots that I'm sure were lovely at some point but are now ruined and chintzified by the terrible technology monster."[84]
Matthew Leyland of Total Film gave the film a five-star rating and said that it is "Charming, spectacular, technically audacious… in short, everything you expect from a Peter Jackson movie. A feeling of familiarity does take hold in places, but this is an epically entertaining first course."[85] Ed Gonzalez of Slant Magazine awarded the film three stars out of four and called it "The first of an arguably gratuitous three-part cine-extravaganza."[86]
Todd McCarthy of The Hollywood Reporter said that "Jackson and his colleagues have created a purist's delight… [And leads to] an undeniably exciting, action-packed climax." McCarthy did however think that "Though there are elements in this new film that are as spectacular as much of the Rings trilogy was… there is much that is flat-footed and tedious as well, especially in the early going."[87]
Kate Muir of The Times gave the film four out of five stars, saying Martin Freeman "perks up" the film as Bilbo Baggins and that Jackson's use of 48 frames per second 3D technology gives the film "lurid clarity".[88]
Dan Jolin of Empire gave the film four out of five stars and thought "The Hobbit plays younger and lighter than Fellowship and its follow-ups, but does right by the faithful and has a strength in Martin Freeman's Bilbo that may yet see this trilogy measure up to the last one" and he stated that "There is treasure here".[89]
An Unexpected Journey also earned five nominations at the 18th Empire Awards, winning in two categories, Best Actor for Martin Freeman and Best Science Fiction/Fantasy Film.[94][95][96] It also earned two nominations at the 2013 MTV Movie Awards in the categories Best Scared-as-S**t Performance and Best Hero for Martin Freeman.[97][98] Freeman won the latter award for his performance.[99] It has gathered 6 nominations at the 2013 SFX Awards, including Best Film, Best Director for Peter Jackson and four acting nominations.
Related Research Articles
The Hobbit, or There and Back Again is a children's fantasy novel by the English author J. R. R. Tolkien. It was published in 1937 to wide critical acclaim, being nominated for the Carnegie Medal and awarded a prize from the New York Herald Tribune for best juvenile fiction. The book is recognized as a classic in children's literature and is one of the best-selling books of all time, with over 100 million copies sold.
Gandalf is a protagonist in J. R. R. Tolkien's novels The Hobbit and The Lord of the Rings. He is a wizard, one of the Istari order, and the leader of the Company of the Ring. Tolkien took the name "Gandalf" from the Old Norse "Catalogue of Dwarves" (Dvergatal) in the Völuspá.
Thorin Oakenshield is a fictional character in J. R. R. Tolkien's 1937 novel The Hobbit. Thorin is the leader of the Company of Dwarves who aim to reclaim the Lonely Mountain from Smaug the dragon. He is the son of Thráin II, grandson of Thrór, and becomes King of Durin's Folk during their exile from Erebor. Thorin's background is further elaborated in Appendix A of Tolkien's 1955 novel The Return of the King, and in Unfinished Tales.
In J. R. R. Tolkien's legendarium, the Lonely Mountain is a mountain northeast of Mirkwood. It is the location of the Dwarves' Kingdom under the Mountain and the town of Dale lies in a vale on its southern slopes. In The Lord of the Rings, the mountain is called by the Sindarin name Erebor. The Lonely Mountain is the destination of the protagonists, including the titular Hobbit Bilbo Baggins in The Hobbit, and is the scene of the novel's climax.
Bilbo Baggins is the title character and protagonist of J. R. R. Tolkien's 1937 novel The Hobbit, a supporting character in The Lord of the Rings, and the fictional narrator of many of Tolkien's Middle-earth writings. The Hobbit is selected by the wizard Gandalf to help Thorin and his party of Dwarves reclaim their ancestral home and treasure, which has been seized by the dragon Smaug. Bilbo sets out in The Hobbit timid and comfort-loving and, through his adventures, grows to become a useful and resourceful member of the quest.
The Lord of the Rings: The Fellowship of the Ring is a 2001 epic high fantasy adventure film directed by Peter Jackson from a screenplay by Fran Walsh, Philippa Boyens, and Jackson, based on 1954's The Fellowship of the Ring, the first volume of the novel The Lord of the Rings by J. R. R. Tolkien. The film is the first instalment in The Lord of the Rings trilogy. It features an ensemble cast including Elijah Wood, Ian McKellen, Liv Tyler, Viggo Mortensen, Sean Astin, Cate Blanchett, John Rhys-Davies, Billy Boyd, Dominic Monaghan, Orlando Bloom, Christopher Lee, Hugo Weaving, Sean Bean, Ian Holm, and Andy Serkis.
Unfinished Tales of Númenor and Middle-earth is a collection of stories and essays by J. R. R. Tolkien that were never completed during his lifetime, but were edited by his son Christopher Tolkien and published in 1980. Many of the tales within are retold in The Silmarillion, albeit in modified forms; the work also contains a summary of the events of The Lord of the Rings told from a less personal perspective.
Among the motion pictures of Middle-earth in various formats, The Lord of the Rings is a trilogy of epic fantasy adventure films directed by Peter Jackson, based on the novel The Lord of the Rings by English author J. R. R. Tolkien. The films are titled identically to the three volumes of the novel: The Fellowship of the Ring (2001), The Two Towers (2002), and The Return of the King (2003). Produced and distributed by New Line Cinema with the co-production of WingNut Films, the films feature an ensemble cast including Elijah Wood, Ian McKellen, Liv Tyler, Viggo Mortensen, Sean Astin, Cate Blanchett, John Rhys-Davies, Christopher Lee, Billy Boyd, Dominic Monaghan, Orlando Bloom, Hugo Weaving, Andy Serkis, and Sean Bean.
The Hobbit is a 1977 American animated musical television special created by Rankin/Bass and animated by Topcraft. The film is an adaptation of the 1937 book of the same name by J. R. R. Tolkien; it was first broadcast on NBC in the United States on Sunday, November 27, 1977. The teleplay won a Peabody Award; the film received a Christopher Award.
Balin is a fictional character in J. R. R. Tolkien's world of Middle-earth. A Dwarf, he is an important supporting character in The Hobbit, and is mentioned in The Fellowship of the Ring. As the Fellowship travel through the underground realm of Moria, they find Balin's tomb and the Dwarves' book of records, which tells how Balin founded a colony there, becoming Lord of Moria, and that the colony was overrun by orcs.
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Gollum is a monster with a distinctive style of speech in J. R. R. Tolkien's fantasy world of Middle-earth. He was introduced in the 1937 fantasy novel The Hobbit, and became important in its sequel, The Lord of the Rings. Gollum was a Stoor Hobbit of the River-folk who lived near the Gladden Fields. In The Lord of the Rings, it is stated that he was originally known as Sméagol, corrupted by the One Ring, and later named Gollum after his habit of making "a horrible swallowing noise in his throat".
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The Hobbit, full title The Fabulous Journey of Mr. Bilbo Baggins, The Hobbit, Across the Wild Land, Through the Dark Forest, Beyond the Misty Mountains. There and Back Again is a 1985 Soviet television play for children. It is an adaptation of J. R. R. Tolkien's 1937 children's fantasy novel The Hobbit by Vladimir Latyshev.
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Lego The Lord of the Rings is a Lego theme based on The Lord of the Rings film trilogy directed by Peter Jackson and the novel by the English author and scholar J. R. R. Tolkien. It is licensed from Warner Bros., New Line Cinema and Metro-Goldwyn-Mayer. The theme was first introduced in 2012. The first sets appeared in 2012, to coincide with a release of the video game Lego The Lord of the Rings. Subsequent sets based on The Hobbit film trilogy would also be released and the video game Lego The Hobbit was released in 2014. The product line was discontinued by the end of 2015. Later, the theme was relaunched in January 2023 with three new sets released as the part of the Lego BrickHeadz theme. In February 2023, The Lego Group unveiled a new Rivendell set that released on 8 March 2023 as the part of the Lego Icons theme. Further, a Barad-Dûr set released on 1 June 2024, also as part of the Icons theme.
↑ Masters, Kim (17 October 2012). "'The Hobbit:' Inside Peter Jackson and Warner Bros.' $1 Billion Gamble". The Hollywood Reporter. Retrieved 21 December 2013. A knowledgeable source says the first two installments cost $315 million each, and that's with Jackson deferring his fee. A studio source insists that number is wildly inflated and, with significant production rebates from New Zealand, the cost is closer to $200 million a movie.
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