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Where Will Peter Jackson Find The Money For The Third Hobbit? (Dwarves LOL)

Whatever your reaction was to the news of Peter Jackson making The Hobbit into three films, the reality has set in – how the hell is this actually going to work? You know, because the film doesn’t even have a script and the studios hadn’t budgeted for three. Someone needs to tell the dwarves to dig deeper I guess. 

“The original deal to make two Hobbit movies was undoubtedly one of the most complicated in Hollywood history, with an array of players including Warner Bros., New Line, MGM and other rights holders,” wrote The Hollywood Reporter. “Warners chairman and CEO Barry Meyer is said to have told associates that never in his 40-plus years in the business had there been more meetings in pursuit of a project.”

But here we find ourselves. Jackson, along with collaborators Fran Walsh and Philippa Boyens had been hard at work on a third Hobbit film even before the official announcement was made. They had to figure out logistics, re-hire the cast, and get the OK from the studio before proceeding. One thing they didn’t need to get the go-ahead? A script.

THR writes, “Previously, the budget for the two movies was estimated, probably conservatively, at $500 million. A source says the production cost of the third could run between half and two-thirds as much as one of the other two films thanks to work that’s already been done. (Marketing No. 3 will add to the total.) But the final cost is not yet known because the studio is awaiting a full script for the third movie.”

“There’s some areas of the story to develop and expand,” Jackson said. Filming that was meant to be a few short pick-ups for The Hobbit: An Unexpected Journey and The Hobbit: There and Back Again, will now be extended a few weeks more to compensate for whatever script Jackson is able to pull out of his hat.

But everyone on the team seems to be squarely behind a third film. ”If anybody had been a big hindrance, it wouldn’t have happened,” said a source with ties to the movies. “It was such a short window of time to make this decision, if anybody had said no, it would have been two movies.”

(via The Hollywood Reporter)

Previously in The Hobbit

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  • Seanna Tucker

    Ugh. There’s not enough story in The Hobbit for this. They may as well break down and say they’re going to make Silmarillion into a movie. 

  • mildred louis

    It’s all information coming from the appendices that Tolkien made. The third movie is essentially not going to be The Hobbit but rather “Welcome to the land of Tolkien: Here is a thorough history lesson of everything that happened between The Hobbit and Lord of the Rings” … or something to that degree.

  • mildred louis

    I am convinced at this point in time that Jackson is made of money. Never ending money.

  • Chris Howard

    I think it more likely the Hobbit will be stretched out over the three films and a great deal of depth given to the “Necomancer of Mirkwood.”

  • mildred louis

    I’ve read from a few sources that he’s primarily pulling from the Appendices but I could very well be wrong on that.

  • John Wao

    Well if he’s very quiet he can “borrow” some from Smaug.

    Just don’t let him catch you or it’ll be a hot time in the town tonight….

  • Alva D. Morell

    I’ve read from a few sources that he’s primarily pulling from the Appendices but I could very well be wrong on

  • Anonymous

    It depends on the way the story is told. You could make a whole season of a television series off of a few hundred pages of a book. Arguably it would allow for more character development.

  • Larry Cathey

    The Mirkwood spiders could take up an easy 45min, then the barrel escape will add another 20+min. I agree, that they will probably focus a lot more on Gandalf’s adventures away from the group, dealing with the Necromancer. Remember, he disappeared for large portions of the book, only re-appearing during the climax scenes or to pull their fat out of the fire. Hell, the final battle of 12 armies will be a cinematic hour-long battle-fest by itself.