Amazon is set to spend $1 billion on their Lord of the Rings series with season 1 costing over $400 million.
According to Business Insider, Amazon revealed the price tag of the new series in a filing in New Zealand. The Hollywood Reporter says the show is slated to be produced in New Zealand. Amazon then later confirmed the budget in a statement to Business Insider.
The Hollywood Reporter compare the almost half billion dollar budget to other premium shows like Game of Thrones. The HBO series cost $100 million per season. It is expected to that the cost per season will drop as a majority of costs will be covered during season 1.
Amazon has already spent $250 millions for the rights to produce the series.
