Hollywood director Peter Jackson certainly knows how to make money from his movies, as he has proven again with The Hobbit: An Unexpected Journey. With his Lord of the Rings trilogy combining to make nearly $3bn worldwide, it was expected that The Hobbit trilogy would match, if not beat it.
Now, the first instalment of The Hobbit trilogy has managed to pass the $1bn mark at the Box Office, thanks to a strong 10 days in China, where it managed to rake in $37.m. That puts The Hobbit: An Unexpected Journey in an elite group of only 15 movies to ever pass the $1bn mark.
A clearly delight Dan Fellman, the president of domestic distribution at Warner Bros., told Yahoo Movies, "We could not be more proud to have reached this amazing benchmark. Together with our partners at MGM and New Line, everyone at Warner Bros. congratulates Peter Jackson and his entire cast and crew on the extraordinary success of this film."
If The Hobbit trilogy follows the trend set by the Lord of the Rings trilogy and improves with each outing, then The Hobbit: There and Back Again could challenge for the top five grossing movies of all time, following its release on December 17, 2014.