Still from “Lord of the Rings: The Fellowship of the Ring.”
Amazon’s ‘Lord of the Rings’ television show is forming up to be a pricey venture for the tech business.
On Friday, New Zealand’s minister for financial development and tourism exposed that the fantasy drama will be among the most costly television series ever made, with its season one cost being available 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 supplied was in local currency.
The production figure is massive and most likely the biggest sum any studio has invested to produce a single season of tv. For contrast, HBO’s “Video 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 8.
Amazon spent around $250 million for the rights to the Tolkien property in 2017.
“This will be the biggest television series ever made,” Nash stated.
The figures, released as part of the New Zealand government’s Authorities Details Act, were first reported by the New Zealand-based outlet Things. Their report suggested that Amazon is wanting to movie 5 seasons in the nation and potentially produce a spin-off series.
Amazon’s costs in New Zealand will trigger a tax refund of around $114 million and has been flagged as a “significant financial danger” by the nation’s treasury. There’s no cap on just how much Amazon is permitted to invest, and for that reason, New Zealand might be on the hook for hundreds of countless dollars to help subsidize the task.
However, the production will likely bring a big monetary increase to the regional economy, as Amazon pays for regional labor, hotels and food, among other things. Then there is the future tourist bump. Peter Jackson’s “Lord of the Rings” and “Hobbit” trilogies were a huge benefit to New Zealand, as they generated tourists from worldwide.
The “Lord of the Rings” series is presently in production and anticipated to debut in late 2021.