The Hobbit Breaks Records: Weekend Box Office Report

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The Hobbit: An Unexpected Journey broke records, but did not hit the mark that box office watchers expected it to. It stormed its way into theaters for its premiere weekend and banked $84 million. How does a film earn that much and is still considered a weaker opening than expected? The first chapter of Peter Jackson's The Hobbit trilogy easily broke the previous holder of the highest grossing December weekend record -- I am Legend. Back in 2007, that Will Smith starring movie earned $77 million in its opening weekend.

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