‘The Hobbit: An Unexpected Journey’ has taken a trip to the top of the Box Office Rankings.

The Warner Bros. Film has become the biggest December film opening of all time in the U.S., taking in $84.8 Million domestically in its debut weekend, and $222 Million worldwide.

Will Smith’s ‘I Am Legend,’ which took in $77.2 Million after its debut in 2007, was the previous record holder. While ‘The Hobbit’ took the record by a comfortable margin in the current estimates, it still fell short of the $100 million debut most analysts were expecting for the long awaited movie, which has been on the horizon for more than 16 years.

By comparison, ‘The Lord of the Rings: The Return of the King’ took in $72.6 million during it’s first 3-days in theaters.

No other release even comes close to The Hobbit’s figure. The animated family feature ‘Rise of the Guardians’ came a distant second to the Peter Jackson directed film, earning $7.4 Million last weekend, and 71.4 Million since its November 21 release. ‘Lincoln‘ occupies third place, taking in $7.2 Million last weekend after earning 107.9 Million to date.

> Check out The Ultimate Gallery for ‘The Hobbit: An Unexpected Journey.’

Click over to the next page to see this weekend’s box office rankings.