The Hobbit Still Kind of a Big Deal at Box Office, Bests Anchorman 2

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Even Ron Burgundy is no match for Smaug ... but then again he is a formidable force as a mythical dragon portrayed by master thespian Benedict Cumberbatch.

The long-awaited Anchorman 2: The Legend Continues was unable to steal the box-office crown from The Hobbit: The Desolation of Smaug this weekend.

Anchorman 2 has made $61.3 million in the first five days of its release, but earned a modest $26.8 million over the weekend, less than the 2004 original.

The Hobbit: The Desolation of Smaug, meanwhile, made $31.5 million over the weekend, raising its overall total to $127.5 million through two weeks.

Thanks to overseas business, the second installment in Peter Jackson's Lord of the Rings prequel trilogy is likely to match its predecessor's $1 billion finish.

Oscar hopeful American Hustle got off to a great start with $19.1 million as it opened nationwide after a very limited run in New York and Los Angeles.

Christian Bale, Amy Adams, Bradley Cooper, Jennifer Lawrence and filmmaker David O. Russell could very well add more Academy Awards to their collections.

Speaking of J-Law, The Hunger Games: Catching Fire just passed Despicable Me 2 to become the year's second biggest movie behind Iron Man 3.

Meanwhile, Disney's Frozen has now beaten last year's Wreck-It Ralph and will soon surpass Tangled thanks to its continued box-office might.

The animated hit earned itself another $19.5 million during its fourth weekend in theaters, raising its total to $191.6 million as Christmas approaches.

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