The premiere of The Hobbit injected almost $12 million into the Wellington economy, the city's council says.
A survey commissioned by the Wellington City Council found the film premiere had a total direct economic impact of $11,794,995 for the region.
Wellington City Council's economic portfolio leader Jo Coughlan told Newstalk ZB that is an excellent return on the $1.1 million the council spent.
"We know that it's a direct contribution of nearly $10 million to Wellington, and an additional $2 million spent by others in and around the premiere," Coughlin said.
The council estimated 60,000 people turned out for the red carpet premiere on November 28 and a five-day Hobbit-inspired artisan market in Waitangi Park prior to the premier.