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Box Office Report: Peter Jackson's 'The Hobbit' Grosses $11.2 Million Wednesday Overseas

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Peter Jackson's The Hobbit: An Unexpected Journey opened to $11.2 million on Wednesday in 16 foreign territories, a strong start for the 3D tentpole.

The Hobbit, from New Line Cinema and MGM, took in $4.3 million in France, capturing 50 percent of the market, and $2 million in Germany, capturing 73 percent of the market. It took in $1.6 million in Sweden, a sizable number for that country.

Warner Bros., which is distributing the film, opensopened Hobbit at 12:01 a.m. Friday in North America.

According to those who have seen pre-release tracking, Hobbit could open in the $75 million to $90 million range domestically. Reviews have been mixed in the U.S., however.

The movie, based on the novel by J.R.R. Tolkien, is the first in a planned trilogy, and takes place 60 years before the events chronicled in Tolkien's The Lord of the Rings.

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So 'The Hobbit' is expected to take between $75 and $90 million domestically this weekend. To add some perspective, the opening weekend of 'Fellowship' grossed $47 million, 'Two Towers' grossed $62 million and 'Return of the King' grossed $72 million. This also might be an excuse to talk about the movie for those who went to the midnight. Thank you for your time.

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