By editor
Originally published on Mon December 17, 2012 5:19 pm
This weekend, millions of Americans trekked across Middle Earth with Bilbo Baggins. The result? The Hobbit: An Unexpected Journey was No. 1 at the North American box office. It joins the list of other films that ranked No. 1 one their opening weekends, such as Underworld Awakening, Paranormal Activity 4 and Batman.
But here's the thing: The weekend battle at the box office doesn't necessarily decide the war in Hollywood, says Edward J. Epstein, author of The Hollywood Economist. Epstein says to be skeptical of what you read in Hollywood rags.
Read more