The Hobbit sits on top of the Australian box office after taking $17 million in its first week. Source: AAP
THE Hobbit: An Unexpected Journey has jumped straight to the top of the Australian box office.
It has taken in nearly $17 million in its first week of release.
The New Zealand-filmed Hobbit is the first movie in a trilogy about Bilbo Baggins's quest to reclaim a lost dwarf kingdom from a frightening dragon.
Musical Les Miserables has raked in a healthy $7.471 million to be a distant No.2.
The film, set in 19th century France, has received criticism that some of the actors cannot sing, but audiences don't seem to mind.
Animated film Wreck It Ralph has also made a stellar debut, coming in at No.3 with earnings of $6.209 million.
The critically acclaimed Life of Pi, about a boy who finds himself adrift on a boat with a tiger in the Pacific Ocean, has earned nearly $3 million in pre-release to rank fifth.
After a long run at the top, James Bond has finally been shaken from No.1.
Skyfall has slipped to sixth place, although it still took in close to $3 million.
The movie has grossed more than $44 million in its six weeks of release, a nice little earner for Sony Pictures.
Rise of the Guardians, which was in second spot a fortnight ago, has dropped to eighth.
An animation starring Australians Hugh Jackman and Isla Fisher, the film is about a group of guardians who team up to protect the innocence of children worldwide when an evil spirit launches an assault on earth.
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