Bilbo has bagged a record-breaking level of cash in his first week in American cinemas, making Peter Jackson’s first Hobbit film the highest grossing December cinema release of all time.
The film earned $84.8m in seven days, easily surpassing the previous December record of $77.2m set by sci-fi blockbuster I Am Legend in 2007. Such has been the demand to see the latest Tolkien adaptation, that it took $37m in American cinemas on its first day alone, according to Hollywood.com.
Having initially planned a two-film adaptation, movie studio MGM has since decided on a trilogy – if the initial box office figures are anything to go by, that was a smart business decision.
The Hobbit: An Unexpected Journey stars Martin Freeman as Bilbo Baggins, with Ian McKellen as Gandalf and Richard Armitage as dwarf king Thorin Oakenshield. It will be followed by The Desolation of Smaug and There and Back Again.