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According to Insider’s original report Amazon is spending $465 million shooting the first season of “The Lord of the Rings”. Earlier the same source marked that the whole production will cost $1 billion.

This is the official sum of money taken from the document filed in New Zealand, where the company will shoot this TV series, according to The Hollywood Reporter. The New Zealand outlet, Stuff, also reported that there will be five seasons.

Also Amazon has confirmed to Insider’s request that the information in the Stuff article is correct.

Stuart Nash, New Zealand’s Minister for Economic Development and Tourism, also confirmed the production price to Morning Report and said “this is fantastic it really is … this will be the largest television series ever made.”

The Hollywood Reporter made a price tag comparison between HBO’s hit show “Game of Thrones” and the first season of Amazon’s “The Lord of the Rings”. So the source remarks that the first show cost was around $100 to produce, when the second show has four times bigger budget and that is only for the first season. But, further seasons of “The Lord of the Rings” are supposed to cost less because more money are included upfront.

The new show has been called the next “Game of Thrones,” and some of the HBO show’s alumni have been cast in the series.

Back in 2017 Amazon bought the TV rights for “The Lord of the Rings” for $250 million. The company commented that actions in TV series will take place thousands of years before the storylines in “The Hobbit” and “The Lord of the Rings” both novels and films. In the show we’ll see familiar and new characters together with “the greatest villain that ever flowed from Tolkien’s pen” according to the show’s official description.

Though the production of the show is in the process, the official release date is still unknown. Amazon Studios head Jennifer Salke told The Hollywood Reporter in 2018 that the company hopes the series will air in 2021.

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