Inflation is a bitch. Adjusted for 2001 dollars, when Peter Jackson made his movies, that is only about $3.50. They are really working on a shoe string budget.
Fantasy and sci-fi are going to have a higher upper limit than anything set in the real world, but that's still a ridiculous amount of money for an eight episode series. For comparison, Game of Thrones eventually rose to $15 million per episode, a quarter of what The Rings of Power is supposed to cost.
Money laundering.
Yup
Inflation is a bitch. Adjusted for 2001 dollars, when Peter Jackson made his movies, that is only about $3.50. They are really working on a shoe string budget.
Fantasy and sci-fi are going to have a higher upper limit than anything set in the real world, but that's still a ridiculous amount of money for an eight episode series. For comparison, Game of Thrones eventually rose to $15 million per episode, a quarter of what The Rings of Power is supposed to cost.