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The Hobbit: An Unexpected Journey hits the $500 million mark worldwide after two weeks of release

Dec. 28, 2012by: Alejandro Stepenberg

The Hobbit: An Unexpected Journey 656 title

For all you naysayers out there: Peter Jackson and his "The Hobbit Trilogy" aren't going anywhere anytime soon.  Because when you crack the $500 million worldwide mark after two weeks of release, studios tend to sit up and take notice and do whatever they ca to support you and your future films hitting future milestones. 

A more specific breakdown of the numbers would show you that $179.7 million of that came domestically while another $344 million came internationally, leaving a grand global total of $523.7 million.  The release was also a record breaker for Australia, which only just had the film find its way to cinemas on Boxing Day.

I imagine this bodes very well not just for the future two HOBBIT films yet to come but for Peter Jackson's career as a whole.  In the same way that The Wachowski siblings keep scoring studio support even after some of their films have had less than spectacular critical/financial reception, the payoff for Jackson's gamble on telling a grander tale than the book itself offered will surely secure him more than a few blank checks and votes of good will for years to come.  Which begs the question, the answer to which we won't know for some time, of what the man has planned after his final HOBBIT film and the next TINTIN adventure have both come and gone from the multiplex.

Only time will tell.  But sooner rather than later would be awfully nice, so stay tuned.

Extra Tidbit: For the record, I didn't dig THE HOBBIT: AN UNEXPECTED JOURNEY all that much. I laughed out loud and it was beautiful to look at, but I had too many problems with character/script/plot decisions to really love it.
Source: Coming Soon

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+4
11:22PM on 12/28/2012
Does this mean we are going to see The Silmarillion hit the screen?
Does this mean we are going to see The Silmarillion hit the screen?
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+3
1:52PM on 12/28/2012

meh

The Twilight sequel just passed $500 million too, that still doesn't mean that it's a good movie.
The Twilight sequel just passed $500 million too, that still doesn't mean that it's a good movie.
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12:44PM on 12/28/2012
I hate to say it but I completely agree with the tidbit. Yes it's making loads of money, but the fact that it isn't even coming close to approaching the money the original trilogy made is very telling. The movie was so disappointing and had so many unnecessary changes from the book. Hopefully this will stop the exaggerated claims that this is "better than the LOTR," etc. Those movies had their flaws, but I definitely will have a new appreciation for them after this lackluster 1st movie.
I hate to say it but I completely agree with the tidbit. Yes it's making loads of money, but the fact that it isn't even coming close to approaching the money the original trilogy made is very telling. The movie was so disappointing and had so many unnecessary changes from the book. Hopefully this will stop the exaggerated claims that this is "better than the LOTR," etc. Those movies had their flaws, but I definitely will have a new appreciation for them after this lackluster 1st movie.
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12:21PM on 12/28/2012

Love to watch the Hobbit Haters eating their bile....

Yes, I saw the Hobbit, and while there was a lot to like about it, there were problems. I think they had more to do with setting up the story itself. We didn't notice it as much in Fellowship,because the story itself was set up perfectly in the prologue, then we met the characters involved, and off we went. The first hour of the Hobbit was the hard stretch to take. After that, Jackson shook off his ring rust and the film zipped along nicely. I love how the haters say ' oh, well, it s NOT
Yes, I saw the Hobbit, and while there was a lot to like about it, there were problems. I think they had more to do with setting up the story itself. We didn't notice it as much in Fellowship,because the story itself was set up perfectly in the prologue, then we met the characters involved, and off we went. The first hour of the Hobbit was the hard stretch to take. After that, Jackson shook off his ring rust and the film zipped along nicely. I love how the haters say ' oh, well, it s NOT GOING TO MATCH THE NORTH AMERICAN BOXOFFICE of LOTR like this is sure sign of failure. Um, guys....MONEY IS MONEY. that's what the studios respect, and they are 500 mill in the pocket right now. Doesn't matter whether its from downtown Laramie, Wy, or Karachi. Where I agree with the ' Haters Club' is that I can't see how the Hobbit can be stretched over 3 films. Where they broke the story means that the second film should wrap up the story itself. Oh yeah; sure sign of audience involvement? At the fadeout of the film, there were plenty of groans, arghs, and ' C'mon....JUST like at Fellowship. I will be interested to see what Jackson and co. have up their sleeves to pad this thing. As for the Haters, remember this; for all of your bile, I'm sure the execs at the Studios involved are sleeping nicely on their money filled mattresses. Money Talks. Bile and Bullshit fade.
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+8
12:16PM on 12/28/2012
It's not as large as you might have expected for a movie in the LOTR franchise... but this is a different animal. Hobbit is different in terms of story, scale and scope. Yes it does look even more gorgeous than before but it's a much smaller, less epic story. Thus 500 mil in two weeks isn't bad
It's not as large as you might have expected for a movie in the LOTR franchise... but this is a different animal. Hobbit is different in terms of story, scale and scope. Yes it does look even more gorgeous than before but it's a much smaller, less epic story. Thus 500 mil in two weeks isn't bad
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11:21AM on 12/28/2012
While I didn't love it, it was fun, and I really love Jackson, so I am glad this is doing very well.
While I didn't love it, it was fun, and I really love Jackson, so I am glad this is doing very well.
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10:21AM on 12/28/2012
I heard the movie is weak. I think most of the domestic numbers is due to fanboys watching the movie 4 or 5 times to support "their" movie. It only made 36M this past weekend. Those numbers will drop even more when Les Mis and Django comes out. Good thing for the foreign box office. When movies like Battleship can make 240M overseas then a movie like The Hobbit shouldn't have any trouble getting bailed out either.
I heard the movie is weak. I think most of the domestic numbers is due to fanboys watching the movie 4 or 5 times to support "their" movie. It only made 36M this past weekend. Those numbers will drop even more when Les Mis and Django comes out. Good thing for the foreign box office. When movies like Battleship can make 240M overseas then a movie like The Hobbit shouldn't have any trouble getting bailed out either.
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10:06AM on 12/28/2012

hmm

I don't think that's very good for the Hobbit. It's pretty obvious that's it's not going to hit 300 million in the U.S. I don't know why you bought the Wachowski's up. Speed Racer and Cloud Atlas bombed at the box office. They haven't had a hit since the Matrix.
I don't think that's very good for the Hobbit. It's pretty obvious that's it's not going to hit 300 million in the U.S. I don't know why you bought the Wachowski's up. Speed Racer and Cloud Atlas bombed at the box office. They haven't had a hit since the Matrix.
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10:44AM on 12/28/2012
But you have to remember the time frame we are seeing here. Just shy of $200 million domestically in two weeks will buy this movie plenty of screens over the next month or so to collect the remaining $100 mil..

Also the Wachowski reference is just that - they made a super hit out of the Matrix and have been able to make plenty of films, directing and producing, without much studio interference regardless of the quality or box office returns. If Jackson can make Avatar or Dark Knight money
But you have to remember the time frame we are seeing here. Just shy of $200 million domestically in two weeks will buy this movie plenty of screens over the next month or so to collect the remaining $100 mil..

Also the Wachowski reference is just that - they made a super hit out of the Matrix and have been able to make plenty of films, directing and producing, without much studio interference regardless of the quality or box office returns. If Jackson can make Avatar or Dark Knight money he will have his carte blanche within the studio to do whatever he wants for the next 10 years or so regardless of quality or box office returns as well. That can only be a good thing.
9:50AM on 12/28/2012

It's tracking well below ANY of the Lord of the Rings films.

Domestically, it'll struggle to match any of the LotR films. It's those international numbers which are making it a 'blockbuster,' which is becoming more and more common these days. Look at Transformers 3D or the last Pirates of the Caribbean movie (especially the latter, as it performed relatively mediocre Stateside, but did something crazy like 3/4 of its business overseas).

This isn't very encouraging to me, because it shows that studios are going to start catering more to the
Domestically, it'll struggle to match any of the LotR films. It's those international numbers which are making it a 'blockbuster,' which is becoming more and more common these days. Look at Transformers 3D or the last Pirates of the Caribbean movie (especially the latter, as it performed relatively mediocre Stateside, but did something crazy like 3/4 of its business overseas).

This isn't very encouraging to me, because it shows that studios are going to start catering more to the international audience - which seems more receptive to those 3D surcharges simply because many theaters overseas are only available in 3D - and from a business perspective that's a solid model, but it also means they're going to care less about quality, because international audiences seem more willing to lap up anything that's big, noisy and/or is a franchise sequel.

The Hobbit's underwhelming domestic performance could be attributed to the fact that it's failing to capture the cultural zeitgeist that LotR did: opinions seem very split, with some people loving the film and others hating it. I don't really see the film crossing half a billion dollars (most of it overseas) as something to be proud of unless you're one of the studio heads who invested in this project, or if you genuinely loved the film. And, hey, if you did: good for you! But the increasing lackluster performance of films like these domestically - and their soaring successes overseas - is a foreboding omen, imo. I read an article stating how more and more franchises (like Fast and Furious) are deliberating setting their stories overseas to appeal even more to the international audiences. I think the film industry is going through a huge change right now and not necessarily for the better. Megan Elison is doing some good though.
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5:09PM on 12/28/2012
What the hell? Catering to the international audiences? You're basically saying anywhere outside of America there are people who "lap up anything" right? The Hobbit isn't even an American film, it's a film made by and starring Kiwis and Brits. Yet the American domestic is somehow the most important thing? I'm not even disputing how good the movie is or how much it should be making. But for you to say the movie industry is taking a turn for the worse because films might be set outside of the US
What the hell? Catering to the international audiences? You're basically saying anywhere outside of America there are people who "lap up anything" right? The Hobbit isn't even an American film, it's a film made by and starring Kiwis and Brits. Yet the American domestic is somehow the most important thing? I'm not even disputing how good the movie is or how much it should be making. But for you to say the movie industry is taking a turn for the worse because films might be set outside of the US is laughable. A foreboding omen, grow up. I could even make an argument that you're being quite racist there implying that international movie goers are going to care less about quality than Americans. I call BS
6:14AM on 12/29/2012
@Razorwire -- yes, international audiences have shown a tendency to flock toward big, loud action movies. Stuff critics and even discerning filmgoers like you and I might refer to as 'shitty.' It's easy to see why: Even for films that are dubbed or subtitled, there's an inherent lack of translation to take into account for those films: everyone can marvel at big explosions and epics in a way dissimilar to something like, say, Lincoln, which you'll find will end up making far less overseas than
@Razorwire -- yes, international audiences have shown a tendency to flock toward big, loud action movies. Stuff critics and even discerning filmgoers like you and I might refer to as 'shitty.' It's easy to see why: Even for films that are dubbed or subtitled, there's an inherent lack of translation to take into account for those films: everyone can marvel at big explosions and epics in a way dissimilar to something like, say, Lincoln, which you'll find will end up making far less overseas than in America. (That's a bad example, since it's a very American film, but you get my point.) Forget The Hobbit. What i'm saying is this: you're going to start seeing more Clash of the Titans 3D and more and more the domestic film industry is going to begin crumbling and outsourcing to foreign territories, because more and more that is where the dominant percentage of revenue comes from. It used to be the opposite: films made the majority of their profit Stateside; this trend is completely reversing, and nowadays a film doesn't even have to match its budget Stateside to turn a profit if it performs well overseas (as a rule of thumb, a movie generally must double its budget to begin turning profit due to theater retention and ad expenditures). If you don't think this is impacting the American film industry already, then you are naive. If you think my post is somehow racist or ignorant, then you're misunderstanding what I'm saying or how I'm saying it; everything I'm saying can be documented, and there have been articles written about it already by those within the industry. BTW, I don't think I'm racist -- I grew up in the United Kingdom. I guess I do have some issues with self-loathing though, so maybe you're right.
8:10AM on 12/28/2012
Let's just hope that this means Peter Jackson (and Steven Spielberg) can afford a BETTER AD CAMPAIGN for the next Tintin movie. The first film's campaign *sucked* here in the states; barely anybody even KNEW what it was, much less that it was out.
Let's just hope that this means Peter Jackson (and Steven Spielberg) can afford a BETTER AD CAMPAIGN for the next Tintin movie. The first film's campaign *sucked* here in the states; barely anybody even KNEW what it was, much less that it was out.
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+11
7:22AM on 12/28/2012

Maths

197.7 + 344 = 541.7

Just Sayin' ...
197.7 + 344 = 541.7

Just Sayin' ...
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7:30AM on 12/28/2012
And you'd definitely be right if those were the correct numbers, but it seems I reversed some 9s and 7s in the retyping. Fixed now.
And you'd definitely be right if those were the correct numbers, but it seems I reversed some 9s and 7s in the retyping. Fixed now.