Movies
'The Hobbit' to shatter budget record?
Published Tuesday, Oct 26 2010, 14:48 BST | By Simon Reynolds
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The two-part adaptation of J.R.R. Tolkien's fantasy novel, starring Martin Freeman, Richard Armitage and Sir Ian McKellen, is said to be budgeted at $500 million (£315 million).
The alleged production cost dwarfs that of Jackson's Lord Of The Rings trilogy, which took $281 million (£177 million) to make.
The third Pirates Of The Caribbean film, At World's End, reportedly holds the current record for the costliest film, carrying a price tag of $300 million (£190 million).
The Hobbit is at the centre of an industrial row involving workers' pay conditions. More than 4,000 people rallied across cities in New Zealand earlier this week to stop the production moving abroad.
> Click here to read our complete coverage of The Hobbit
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