6 Mar 2013

Hobbit ticket sales reach $US1b

5:34 am on 6 March 2013

The first installment of The Hobbit films has reached $US1 billion in global ticket sales.

The Hobbit: An Unexpected Journey is the 15th film in history to exceed the $US1 billion mark worldwide.

It has earned $US301 million in the United States alone and about $US700 million internationally.

However, Warner Bros. expects that figure to rise, with the film already grossing almost $US40 million in 10 days in China.

The second Hobbit film is set for releaseat the end of this year.