At the Oscars last night (which were pretty boring, with one nice joke featuring Billy Crystal camcordering a new movie) Peter Jackson thanked the Studios for having the courage to back a big fantasy epic like the Lord of the Rings.
But a look at IMDB's list of all-time movie revenues reveals something else. Of the top 25 grossing movies of all time, how many were science fiction and fantasy?
23 of them. Only Titanic (at #1) and Forrest Gump were not. So with that record, how hard should it have been to pitch the generally regarded top fantasy book in history (not counting the Bible) for big box office. Yes, the prior two animated productions had been poor performers, but with modern moviemaking techniques, and skilled people, this was not a risky proposition.
(Yes, the list is in current dollars, which heavily biases towards recent films. Even the constant dollar list is heavily loaded with fantasy and science fiction.)
And the next 25 are heavily loaded that way too.