Rings Power NZ Economy

The Lord of the Rings movies have meant an economic boom for New Zealand. “The Tolkien fanatics have kept coming with pockets full of cash, desperate to see the place where the trilogy’s hero, Frodo Baggins, began his daring journey to vanquish the forces of evil by destroying the One Ring. Much of the payoff was tied directly to the estimated $500 million spent to make the three movies, the third of which will hit theaters in December. For a time, the production employed 23,000 workers, making it the largest private employer in New Zealand. Then came the tourists, and scores of new restaurants and bed-and-breakfasts to cater to them.”