Movie Finances: Making a Profit with The Hobbit

Certainly, movie making can be big business, and when the movie you’re making is a film interpretation of The Hobbit, then it can be really big business. The Hobbit: The Battle of the Five Armies just opened in London and around the world. The first of the three part series opened with $84 million on a Friday to Sunday framework and earned $300 domestic and 1 billion worldwide.

The second installment, The Desolation of Smaug, opened with $73 million and earned $258 domestic and $958 worldwide. Time will tell how the third installment does, but it’s off to a brilliant start.

Kevin Ulrich
Kevin Ulrich with Gary and Nadine Barber and Martin Freeman; picture owned by Kevin Ulrich
James Cannon

About James Cannon

James Cannon is an experienced hedge fund analyst. He has served on the advisory boards for various different Fortune 500 companies as well as serving as an adjunct professor of finance. James Cannon has written for a variety of Financial Magazines both on and off line. Contact James at james[at]businessdistrict.com