Analysis of information sources in references of the Wikipedia article "The Hobbit: An Unexpected Journey" in English language version.
A knowledgeable source says the first two installments cost $315 million each, and that's with Jackson deferring his fee. A studio source insists that number is wildly inflated and, with significant production rebates from New Zealand, the cost is closer to $200 million a movie.
Hobbit received an A CinemaScore from moviegoers, portending good word-of-mouth.