The Lord of the Rings trilogy is one of the most successful Hollywood productions of all time. It is therefore not surprising that Amazon wants to produce the saga as a series. The film is being filmed and is supported by New Zealand.
Even before the outbreak of the coronavirus pandemic, Hollywood studios received a lot of pressure from broadcast portals. The Corona crisis also hit studios, production was postponed or canceled, and theaters remained closed. Today, Amazon is about to take another blow to the traditional film industry.
The world’s largest online retailer, which is also one of the streaming giants with its flagship show, wants to present the hit Lord of the Rings as a series. Like Peter Jackson’s film trilogy, the Amazon series is set to be shot in New Zealand. Amazon says it plans to spend around $ 465 million for the first season.
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According to the government, New Zealand subsidizes production. This should represent 25% of production costs. For the first season, it is possible to award government grants of up to $ 115 million. Amazon has been running in Auckland since last year. New Zealand expects this channel to have a positive impact on the local economy, which is mainly driven by tourism.
Amazon participates in no man’s land
Amazon’s stock has moved sideways between $ 3,545 and $ 2,875 over the past few months without significant upward or downward momentum. The quarterly figures which are expected to be released Thursday night after the US market closes could be a further source of inspiration. Expected earnings per share of $ 9.49 billion and revenue of $ 104.49 billion.
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