"The Hobbit" Declines, But It's Still the Box Office Leader

The pre-Christmas weekend box office was dominated by The Hobbit: An Unexpected Journey, which took in an estimated $36.7 million, according to data compiled by Box Office Mojo. Although the film was the clear No. 1 in its second week of release, that revenue number represented a 57% decline over the movie's opening weekend. The Hobbit is distributed by Time Warner arm Warner Bros.

In second place was a new release, the violent action fantasy Jack Reacher, starring Tom Cruise. That film, distributed by Viacom unit Paramount, raked in approximately $15.6 million over the weekend, Box Office Mojo said.

Following those two was another debut and the only comedy in the top three, This Is 40. It brought in $12.03 million, according to Box Office Mojo's figures.  The movie is distributed by Universal, a division of GE and Comcast's NBC Universal.

The article "The Hobbit" Declines, But It's Still the Box Office Leader originally appeared on Fool.com.

Eric Volkman has no positions in the stocks mentioned above. The Motley Fool owns shares of GE. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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