It isn’t entirely unusual to see a the price tag for a blockbuster tentpole films to have an eight or even nine-figure budget. But when the franchise is as large as The Hobbit trilogy, you’ll probably be doing more than just burning a hole in your wallet. Trying to figure out the cost of said films wouldn’t be easy, considering you have to pay the talent, the production crew, the cameramen, the visual effects artists, the writers, the director, cinematographers, and then there is hauling the equipment, traveling, reshoots, and much more. But when you have a successful franchise like The Hobbit, you generally would have even more money to work with to make a sequel more exciting.

We are now learning how much you would need to produce a film of that magnitude, and it is a pretty big number. It has cost WB approximately $745 million to make The Hobbit: An Unexpected Journey and The Hobbit: The Desolation of Smaug. And since the film is a trilogy we can expect that number to only skyrocket. But it is okay considering that the two Hobbit films combined grossed nearly $2 billion worldwide. Hit the jump for more info.

There’s a wealth of memorable moments to be found within Peter Jackson’s massive Lord of the Rings trilogy. One of these moments comes in the third and final movie, The Lord of the Rings: Return of the King, when hobbit Pippin (Billy Boyd) is ordered to sing a song for the Steward of Gondor, Denethor (John Noble), to whom he volunteered his service. As Pippin sings his sad song, titled “The Edge of Night,” Denethor feasts away carelessly while his son Faramir (David Wenham) and his soldiers, who were sent into an impossible battle by the Steward, are met with waves of orcish arrows.

If you too are fond of this scene and Pippin’s song, depressing as it is, there’s some good news to be had today. It’s been announced that Billy Boyd will be semi-returning to Middle-earth by recording the end credits song for the third and final movie in The Hobbit trilogy, titled The Hobbit: The Battle of the Five Armies.

You can read more and check out Boyd singing “Edge of Night” in Return of the King below if you don’t remember it or just want to see it again.

Earlier today, the teaser trailer for The Hobbit: The Battle Of The Five Armies, the final installment of Peter Jackson’s Hobbit film trilogy, arrived online.

Now, a new character poster has been released that features the titular hobbit Bilbo Baggins (Martin Freeman) with his sword Sting in hand and on one knee with head down undoubtedly bracing for the war to come, the war that dwarf leader Thorin Oakenshield demands.

Check out the full poster here below.

At the WB panel in Hall H at San Diego Comic-Con on Saturday, attendees got to see the world premiere of the trailer for The Hobbit: The Battle Of The Five Armies, the final installment of The Hobbit film trilogy (read our coverage of the panel here). A tiny, tiny tease of the trailer was posted online, but now finally the full teaser trailer has been released for all to see!

Watch the teaser trailer here below.

As fans awaited the Warner Brothers panel for The Hobbit: The Battle Of The Five Armies at San Diego Comic-Con’s Hall H today, the massive screens began to play scenes from Peter Jackson‘s Lord Of The Rings trilogy and the two released Hobbit film. This segued right into video of Stephen Colbert on the set of The Hobbit where he played a Laketown spy and his wife and children also had cameo, and we got to see their cameos, as well as an extended scene with Peter Jackson acting silly.

Soon after, more video was soon, including a lengthy blooper reel, but then Colbert came out to moderate wearing his Laketown spy attire. Then, Peter Jackson finally appeared on stage with members of the cast, including Benedict Cumberbatch, Orlando Bloom, Cate Blanchett, Elijah Wood, Evangeline Lilly, Andy Serkis, and Luke Evans.