"The Adventures of Robin Hood" was produced at an estimated cost of $2 million, the most expensive film Warner Bros. had made up to that time. It was also the studio's first large budget color feature utilizing the three-strip Technicolor process. It was an unusually extravagant production for the Warner Bros. studio, which had made a name for itself in producing socially-conscious, low-budget gangster films, but their adventure films starring Flynn had generated hefty revenue and "Robin Hood" was created to capitalize on this fact.