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The Lord of the Rings trilogy is one of the most successful Hollywood productions of all time. So it’s no wonder 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 movie theaters remained closed. Now Amazon is on the cusp of another blow to the traditional movie industry.
The world’s largest online retailer, who is also one of the industry giants in the streaming space with its flagship show, wants to portray the successful Lord of the Rings as a series. Like Peter Jackson’s film trilogy, the Amazon series is set to be filmed in New Zealand. Amazon says it plans to spend about $ 465 million for the first season.
According to the government, New Zealand subsidizes production. This should be 25 percent of production costs. For the first season, it is possible to award government grants of up to $ 115 million. Amazon has been shooting in Auckland since last year. New Zealand expects this chain to have a positive impact on the local economy, which is mainly driven by tourism.
Amazon participates in the no-man’s land
Amazon stock has moved sideways between $ 3,545 and $ 2,875 in the past few months with no significant upward or downward momentum. The quarterly numbers due to be released Thursday evening after the US market closes could be a new source of inspiration. Projected earnings per share of $ 9.49 billion and revenue of $ 104.49 billion.
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