New releases 'Jack Reacher' and 'This Is 40' can't knock 'The Hobbit' from on top of the box office

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In its second week of wide release, "The Hobbit: An Unexpected Journey" managed to stay on top, despite challenges from a host of new releases, including Tom Cruise's "Jack Reacher" and the Judd Apatow comedy, "This Is 40."

Although "The Hobbit" logged a 57 percent drop in ticket sales in its second week, the Peter Jackson movie still managed to pull in an estimated $36.7 million for the Friday-Sunday (Dec. 21-23) period. This haul was more than double the ticket sales for the number-two film, "Jack Reacher." The newest Cruise film only managed $15.6 million. "This Is 40" rounded-out the top three with $12 million.

Other new films in the top 12 for the weekend produced only middling ticket sales. "The Guilt Trip," starring Seth Rogen and Barbra Streisand brought in only $5.4 million for 6th place, while the 3D-release of "Monsters, Inc." was in 7th ($5 million) and the "Cirque du Soleil" film landed in 11th with $2.1 million for the weekend.

Despite the success brought by "The Hobbit," ticket sales are down from the same weekend last year, when "Mission Impossible: Ghost Protocol," "Sherlock Holmes: A Game of Shadows" and "The Girl with the Dragon Tattoo" dominated the box office. The top 12 films of the weekend grossed $101.5 million in 2013, compared to $114.4 million in 2012.

The releases of highly anticipated films like "Django Unchained" and "Les Miserables" over Christmas seem likely to boost these numbers.

Photo/Video credit: Warner Bros./MGM