The Hobbit crosses $1bn landmark

2013-03-04 15:02
Burbank - The first film in Peter Jackson's The Hobbit trilogy has surpassed the billion dollar mark at the worldwide box office – making it only the 15th film in history to reach the landmark.
The joint announcement was made on Sunday by Toby Emmerich, President and Chief Operating Officer, New Line Cinema; Gary Barber, Chairman and Chief Executive Officer, Metro-Goldwyn-Mayer Studios; Dan Fellman, President of Domestic Distribution, Warner Bros Pictures; and Veronika Kwan Vandenberg, President of International Distribution, Warner Bros Pictures.

To date, The Hobbit: An Unexpected Journey has earned $301.4m in the US. According to Nu Metro, in South Africa the film took in R19.9m - which translates to roughly $2m.

'Extraordinary success'

With its recent release in China, where it has grossed $37.3m in 10 days, the film has earned an estimated $700m internationally, for a global total of $1bn to date.

In making the announcement, Fellman said, "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."

The second film in the trilogy The Hobbit: The Desolation Of Smaug, will be released on 13 December 2013.

It was revealed late last week that the release of the final instalment The Hobbit: There and Back Again has been delayed by 5 months and will now be released on 17 December 2014 - and not on 18 July 2014 as was previously announced.

The Hobbit trilogy tells a continuous story set in Middle-earth 60 years before The Lord of the Rings and stars Ian McKellen, Martin Freeman, Richard Armitage, James Nesbitt, Cate Blanchett, Ian Holm, Christopher Lee, Hugo Weaving, Elijah Wood and Andy Serkis.