The production cost of the first "Wicked" movie was around $150 million. However, since "Wicked" is a two-part film series, the combined production budget for both films is about $300 million. Some reports even indicate that the combined budget for both parts reached up to $350 million, which is the largest upfront investment Universal Pictures has made on a project. This total is for production costs only and does not include marketing expenses, which are substantial as well.