16 December 2012 8:35 AM, PST | The Hollywood Reporter | See recent The Hollywood Reporter news »

New Line and MGM's The Hobbit: An Unexpected Journey kicked off the holiday season in high style, opening to $84.8 million, the top three-day opening of all time for the month of December. Will Smith's I Am Legend, debuting on the same weekend in 2007, previously held the record with $77.2 million.  The first in Peter Jackson's planned trilogy, Hobbit received an A CinemaScore from moviegoers, portending good word of mouth. Warner Bros., which owns New Line, is distributing the 3D fantasy-adventure.

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- Pamela McClintock

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