The other cost £25,000, was filmed over a year in muddy English locations, and has not been nominated for any awards.
But for Lord Of The Rings trilogy fanatic Kate Madison, filming a prequel was the purest form of art - a labour of love.
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And she appears to have been vindicated after posting the hour-long film, Born Of Hope, on the internet where it has been viewed - for free - by more than 500,000 people.
The 31-year-old amateur actress was so inspired by director Peter Jackson's big screen version of the classic J.R.R. Tolkien tale that she decided to make her own movie.
Her own addition to the mythology of Middle-earth was based on two paragraphs Tolkien included in the appendix to his Lord Of The Rings books, which mentioned the adventures of Arathorn and Gilraen, the parents of Aragorn, played in the big budget films by Viggo Mortenson.
The amateur actress raised a £17,000 by posting a trailer on YouTube appealing for donations
Madison went to great lengths to make sure the costumes were as good as in the Lord of the Rings films
She ploughed her £8,000 life savings into the project and raised a further £17,000 by posting a trailer on YouTube appealing for donations.
Miss Madison, from Cambridge, co-wrote, helped film, directed and produced the movie, which had a cast and crew of more than 400 people who gave their time for free.
She spent £10,000 on colourful fantasy costumes, make-up and wigs, while catering cost £3,000. Miss Madison worked as an office temp to fund the production.
One of the highlights of the film, the battle with the computer-generated hill troll, was created for free in a professional studio after the owner decided it was an opportunity to showcase his talent.
A scene from Born of Hope which has already become a hit with fans on the internet
Miss Madison, who plays a forest ranger called Elgara, said: 'I invested my own money after watching the Lord Of The Rings films and they blew my mind.
'The battle scenes and the array of incredible characters really inspired me and I was desperate to have a go at making an epic myself.
'As we went along the project snowballed and there were moments when money was tight and I wondered what the hell I was doing.
'There were times when it was cold and wet and we were up to our eyes in mud standing in the middle of a forest wondering if we could make this a success
'But now it's all done it's an amazing feeling. We have created a film on a tiny budget which comes complete with battle scenes, orks and even a giant hill troll.'
The film follows Arathorn and Gilraen, from their first meeting to their journey across a fantasy landscape where they lead their people, the Dunedain, into battle against orks and trolls.
It was shot in Epping Forest, Essex, and West Stow, Suffolk, after seeking permission from local authorities.
Christopher Dane, who plays Arathorn in the film alongside Beth Aynsley as his wife Gilraen, said the experience had been 'exhilarating'.
The 45-year-old actor from Muswell Hill, north London, added: 'It was brilliant fun and we have produced an entire film for less than Peter Jackson spent on breakfast for his cast while he was filming the original in New Zealand.'
Jackson's first Lord Of The Rings film, The Fellowship Of The Ring, was released in 2001, followed by The Two Towers in 2002 and The Return Of The King in 2003.
They became among the most successful films of all time, grossing almost $3billion between them.
Jackson is now collaborating with Mexican director Guillermo del Toro on a two-part adaptation of Tolkien's The Hobbit, due for release in 2011 and 2012.
Born Of Hope
Source:XMB