The Hobbit touted to become most expensive movie to be ever made

Here is some interesting trivia for movie buffs, especially all you fans of the Lord of the Rings movie series. If the film adaptation of The Hobbit, the prequel to the Lord of the Rings trilogy gets the go-ahead to begin shooting, the movie could actually become the most expensive movie to be ever made. This is courtesy the $500 million which is expected to be the cost of making the movie plus the $100 million in legal fees. The film’s soaring costs are mostly due to settlements with rights holders, whose wrangles with Warner Bros/New Line Cinema. If the movie gets the green signal for shooting, it would be a four hour epic shot in high-definition and 3D and would beat the current record holder of the most expensive movie to be made- Pirates of the Caribbean: At World’s End, which cost $300 million.

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Given the popularity of the Lord of the Rings series, there is no doubt that the Hobbit will make up for all its costs in the first week of its release itself.
[Nzherald]