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FILE - In this Jan. 20, 2012 file photo, Peter Jackson is interviewed at the 2012 Sundance Film Festival in Park City, Utah. Jackson's movie trilogy

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FILE - In this Jan. 20, 2012 file photo, Peter Jackson is interviewed at the 2012 Sundance Film Festival in Park City, Utah. Jackson's movie trilogy "The Hobbit" has so far cost nearly three-quarters of a billion dollars to make as the epic continues to set new benchmarks for studio spending. Financial documents filed this month in New Zealand, where the films are being made, show production costs through March had reached 934 million New Zealand dollars ($745 million)(AP Photo/Chris Pizzello, File)

Cost of making 3 'Hobbit' movies rises to $745 million as epic sets new spending benchmarks

WELLINGTON, New Zealand - The movie trilogy "The Hobbit" has so far cost nearly three-quarters of a billion dollars to make as the epic continues to set new benchmarks for studio spending.

Financial documents filed this month in New Zealand, where the films are being made, show production costs through March ...

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