"The Hobbit" is a movie by Oscar-winning "Lord of the Rings" director, the first of three installations based on the classic novel by J.R.R. Tolkien. Warner Bros is aiming to cash in on the huge success of the "Lord of the Rings" trilogy, which is one of Hollywood's biggest franchises of all times, raking in $2.9 billion in ticket sales worldwide.
Ticket sales for "The Hobbit" in the US added up to $84.8 million for its opening weekend, and global sales of the prequel to the “Lord of the Rings” trilogy were $222.97 million, announced Warner Bros.
The projection for the total box office sale in 2012 alone is $10.9 billion, according to Hollywood.com. It seems people are interested in watching the movie in big screens than in cable TV. However, there are still crazy fans waiting for the movie to be available in services like on-demand and pay-per-piew.
The new movie is the epic journey of Bilbo Baggins who is a hobbit, played by, as the hobbit journeys through the Middle Earth, which is a treacherous landscape with a band of dwarves to confront the dragon Smaug. Ian McKellen, and retain their roles from "Lord of the Rings.” “The Hobbit” features stars like Benedict Cumberbatch and Richard Armitage. Opening weekend saw audiences embracing “The Hobbit": it was awarded a grade "A" by a popular survey called CinemaScore. Critics’ responses to the nearly three-hour movie, though, were mixed.
Although some audiences didn’t approve, to Jackson's will to shoot the movie using a 48-frames-per-second format compared to the normal 24 FPS. The faster and newer version delivers much clearer pictures, but some viewers fund this format jarring. Some fans at previews in New Zealand, said the movie made them feel dizzy and nauseous, stated The New Zealand Herald. Only some theaters in NZ showed the film in the newer version. The next two instillations of "The Hobbit" are scheduled to release in December 2013 and in July 2014. These two movies are produced by Warner Bros New Line Cinema and MGM' is estimated at $500 million.