ByMark Newton, writer at Creators.co
Movie Pilot Associate Editor. Email: [email protected]
Mark Newton

It's official, The Hobbit has now made an almost offensive amount of money. The Hobbit: An Unexpected Journey has, rather expectantly, just broken the $1 billion mark. That's a whole Smaug's lair full of dosh.

Recently, we reported that The Hobbit had just broken the $300 million mark domestically, and was stampeding its way towards $1 billion globally. Following its release in China, it was only a matter of time before Warner Bros' pockets were stacked with even more cash.

This means The Hobbit is now the 15th movie in history to make over one billion dollars, and the fourth movie released in 2012 (following The Avengers, Skyfall and The Dark Knight Rises). Warner Bros domestic distribution boss Dan Fellman released the following statement (while presumably bathing in a hottub full of dough):

We could not be more proud to have reached reached this amazing benchmark. Together with our partners at MGM and New Line, everyone at Warner Bros. congratulates Peter Jackson and his entire cast and crew on the extraordinary success of this film.

His compadre, international distribution president Veronika Kwan Vandenberg, who was busy eating caviar and burning $100 bills for the pure hell of it, added:

From Berlin to Beijing, it is so gratifying to see how the release of The Hobbit: An Unexpected Journey has been such an event with audiences around the world. We know that moviegoers everywhere are already excited about the next film, as are we.

However, The Hobbit still has one more record to smash. It is still only the second highest grossing Tolkien-inspired movie. The Lord of the Rings: The Return of the King, managed to rack in $1.12 billion.

Do you think The Hobbit will beat this record? Let us know below.