‘The Hobbit’ Makes A (Not So) Unexpected Journey Past the $1 Billion Mark
The Hobbit: An Unexpected Journey has become the 15th film to cross $1 billion (not adjusted for inflation) in worldwide ticket sales.
The first chapter of Peter Jackson‘s new trilogy based on the works of J.R.R. Tolkien crossed this threshold thanks to a 10-day, $37.3 million opening in China. It is the second of Jackson’s films to do so, after The Lord of the Rings: The Return of the King grossed over $1 billion after its release in 2003. This makes Jackson the third director to have helmed two billion-dollar movies, after James Cameron and Christopher Nolan.
Of the 15 billion-dollar films, only three – the top two, Cameron’s Avatar and Titanic, and Tim Burton‘s Alice in Wonderland - were not part of pre-existing franchises. The Hobbit is the fourth film released in 2012 to hit the milestone, after The Avengers, The Dark Knight Rises and Skyfall.
It is interesting to note that The Hobbit‘s domestic take of $301.4 million is well below that of the three Lord of the Rings films, despite having the additional boost of IMAX and 3D ticket sales. It has done far better overseas; by contrast, Return of the King grossed only $10.4 million in China. No doubt controversy over the film’s 48 frames-per-second technology diluted ticket sales, but it has still certainly proven popular enough.
Word of The Hobbit‘s success is good news for New Line and Warner Bros. after the underwhelming and potentially disastrous $28 million opening of Jack the Giant Slayer, a film that reportedly cost north of $200 million, and might prove to be an even bigger train wreck than last year’s box office bomb, John Carter (which also opened in March).
The Hobbit: An Unexpected Journey is currently ranked #8 among 2012 films on Flickchart.