The Hobbit movie trilogy has already cost £350 million (561 million US dollars) to make, it has been revealed.
The trio of films star Martin Freeman and Sir Ian McKellen and are directed by Peter Jackson. So far only the first movie in the trilogy has been released, last year's The Hobbit: An Unexpected Journey.
According to financial documents filed in New Zealand, where the movies are being made, production has so far cost £350 million, double the amount spent on The Lord Of The Rings trilogy..
The hefty figure includes the major shoots with actors, and it is thought there will be be additional post-production costs as the next two movies are completed.
However, Jackson and distributor Warner Bros might consider the money well spent, as the franchise has so far proved lucrative - The Hobbit: An Unexpected Journey took in just over a billion dollars (£623 million) at the box office.
Both Box Office Mojo and Guinness World Records estimate the most expensive single movie ever made was Pirates Of The Caribbean: At World's End with an estimated £187 million (300 million dollar) production tag. That movie, in conjunction with Pirates Of The Caribbean: Dead Man's Chest - which was shot at the same time - held the previous record for the most expensive total production, costing an estimated £280-325 million (450-525 million dollars).
According to Box Office Mojo, Jackson's previous trilogy, The Lord Of The Rings, cost a total £175 million (281 million dollars) to make. Meanwhile, the Star Wars prequel trilogy cost £212 million (343 million dollars), according to Box Office Mojo, which tracks movie costs and box office receipts.
The second movie in the Hobbit series, The Desolation Of Smaug, is due out in December while the final movie, The Hobbit: There And Back Again, is due out in December 2014.