The budget for The Hobbit is 150 million dollars, which is going to be the highest budgeted film to be shot on Red Digital Cinema Camera Company's Epic camera. Jackson said on his facebook page that he is filming the Hobbit at 48 frame/s instead of usual 24 frames/s. It is also revealed that 48 Epic cameras are being used in the film production.source: en.wikipedia.org/wiki/The_Hobbit_(2012_film)