Radio New Zealand reported that the series, which is currently filming in the country, will spend Nz$650 million on Season 1, which converts to $464.2 million in U.S. dollars. Sources confirmed to Variety that the hefty price tag is accurate although it does include startup costs for launching the series that will presumably be spread out over multiple seasons.
The cost for “Lord of the Rings” far exceeds other pricey TV series like HBO’s “Game of Thrones,” Apple’s “The Morning Show” and Disney Plus’ “The Mandalorian,” which all cost roughly $15 million per episode. Previous estimates for “Lord of the Rings” put the production budget at $500 million for multiple seasons, not to mention the $250 million cost just for the rights from author J.R.R. Tolkien’s estate.
Stuart Nash, the Minister for Economic Development and Tourism,