The Hobbit: The Battle of the Five Armies turned out to be an enormous success at the box office, but surprisingly the movie failed to hit the $1 billion mark as expected. The first and second films all made $1 billion, so what caused the third to falter?
Well, it has nothing to do with fans not coming in to enjoy one last ride to Middle Earth. Just like before, moviegoers came out in numbers to support Peter Jackson; however, substantial numbers were not enough to fend off declining global exchange rates.
Yes, the reason why The Hobbit: The Battle of the Five Armies fell $90 million short from the $1 billion mark has everything to do with the global exchange market. The Hollywood Reporter says the movie earned $867 million globally, a high number considering the issues the film faces outside of the United States.
