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Amazon's Lord of the Rings TV series will be "the largest ever made".

The Hollywood Reporter confirmed that Amazon will spend roughly NZ$650 million — 465 million U.S. dollars — for just one season of the show. Compare this to HBO's Game of Thrones, which cost about $100 million per season.

"What I can tell you is Amazon is going to spend about $650 million in season one alone," Stuart Nash, New Zealand minister for economic development and tourism, told Morning Report. "This is fantastic, it really is … this will be the largest television series ever made." New Zealand government also revealed plans to potentially film five seasons in New Zealand, as well as possible spinoffs. The huge cost includes  an estimated $250 million for the rights to the J.R.R. Tolkien property.

The Lord of the Rings "brings to screens for the very first time the heroic legends of the fabled Second Age of Middle-earth's history. This epic drama is set thousands of years before the events of J.R.R. Tolkien's The Hobbit and The Lord of the Rings, and will take viewers back to an era in which great powers were forged, kingdoms rose to glory and fell to ruin, unlikely heroes were tested, hope hung by the finest of threads, and the greatest villain that ever flowed from Tolkien's pen threatened to cover all the world in darkness. Beginning in a time of relative peace, the series follows an ensemble cast of characters, both familiar and new, as they confront the long-feared re-emergence of evil to Middle-earth. From the darkest depths of the Misty Mountains, to the majestic forests of the elf-capital of Lindon, to the breathtaking island kingdom of Númenor, to the furthest reaches of the map, these kingdoms and characters will carve out legacies that live on long after they are gone."

JD Payne and Patrick McKay are the showrunners face with the onerous task of following the Peter Jackson trilogies. They are joined by writer/producer Bryan Cogman (Game of Thrones) and Stephany Folsom (Toy Story 4). The huge cast includes Robert Aramayo (Game of Thrones)Owain Arthur (Kingdom)Nazanin Boniadi (Counterpart)Ismael Cruz Cordova (The Catch)Joseph Mawle (Game of Thrones), Gennifer Hutchison (Breaking Bad)Jason Cahill (The Sopranos) andJustin Doble (Stranger Things). The first two episodes will be directed by Jurassic World: Fallen Kingdom's J.A. Bayona. The one alumni from the Jackson movies working on the series is illustrator and concept artist John Howe.

Amazon have yet to reveal a premiere date for the new show.