{"id":39026,"date":"2010-10-10T17:54:34","date_gmt":"2010-10-10T22:54:34","guid":{"rendered":"http:\/\/www.theonering.net\/torwp\/?p=39026"},"modified":"2010-10-10T21:21:31","modified_gmt":"2010-10-11T02:21:31","slug":"just-how-expensive-will-the-hobbit-be","status":"publish","type":"post","link":"https:\/\/www.theonering.net\/torwp\/2010\/10\/10\/39026-just-how-expensive-will-the-hobbit-be\/","title":{"rendered":"Just how expensive will &#8216;The Hobbit&#8217; be?"},"content":{"rendered":"<p class=\"intro\">A story out of New Zealand declares that &#8216;The Hobbit&#8217; will be the most expensive movie in history. It cites as a source The London Daily Telegraph which got its figure by saying &#8220;it was reported&#8221;. We tried to follow the trail and to the best of my knowledge the giant sum was first reported as a needed cash infusion for MGM as &#8220;production costs&#8221; but never was it said (as far as I can tell) to apply only to &#8220;The Hobbit.&#8221;<br \/>\nThe article then confuses readers with references to Christopher Tolkien and the Tolkien estate threatening to pull the plug on the production. The difficulties with the Tolkien estate happened a few years ago in a lawsuit over profits from &#8220;The Lord of the Rings.&#8221;<br \/>\nNew Line Cinema, the studio behind the LOTR film trilogy, is now owned by Warners and MGM owns 50% of the rights of the planned pair of films.<br \/>\nOfficial pre-production hasn&#8217;t started yet but much of the work has been done in &#8220;development,&#8221; which has been reported to have cost as much as $50M. These figures have not been verified.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A story out of New Zealand declares that &#8216;The Hobbit&#8217; will be the most expensive movie in history&#8230;.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1156,74,498,148],"tags":[1277],"class_list":["post-39026","post","type-post","status-publish","format-standard","hentry","category-mgm-production-studios-production","category-jackson","category-production-studios","category-hobbit","tag-500-million"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"A story out of New Zealand declares that &#039;The Hobbit&#039; will be the most expensive movie in history. 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