The hobbits continue their victorious streak, with "The Lord of the Rings: The Fellowship of the Ring" securing the top spot at the weekend box office for the third consecutive time. The film raked in an estimated $23 million, bringing its total to $205.5 million after just 19 days. Additionally, it was honored with an American Film Institute Best Picture win on Saturday.

Russell Crowe's "A Beautiful Mind" claimed second place, earning $17 million in its third week. The film expanded to 1,853 theaters, signaling a strong performance. Meanwhile, Disney’s "The Royal Tenenbaums" took fifth place with an estimated $8.8 million from 751 venues, following two weekends in limited release.

Sony’s "Ali," starring Will Smith, saw a 48% drop to $7.6 million in its second week. With a production budget well over $100 million, the film has now grossed $50.1 million. It will need significant critical acclaim to maintain a profitable run.

Several holiday holdovers also showed staying power. Warner Bros.’ "Ocean’s Eleven" earned $11.8 million, placing it in third, while Paramount's animated film "Jimmy Neutron: Boy Genius" followed with $9.2 million.

Tom Cruise's "Vanilla Sky" performed better than expected, contributing an estimated $7.4 million to take seventh place. The film has now grossed $81.4 million through four weekends, despite mixed reviews.

Overall, the box office saw a 6% increase from the first weekend of 2001, with total grosses reaching $127.8 million, according to ACNielsen EDI. This growth can be attributed to the strong expansions of previously limited releases.

Miramax/Dimension's sci-fi thriller "Impostor" was the only wide release of the weekend but struggled, finishing outside the top 10 with an estimated $3.2 million from 1,870 theaters. Poor reviews and a crowded market likely contributed to its underperformance.

Meg Ryan and Hugh Jackman's romantic comedy "Kate & Leopold" fell 31% in its second week, grossing $6.7 million to secure eighth place. Its potential as a holiday sleeper hit remains uncertain.

Brian Grazer, co-topper of Imagine, praised the platformed release strategy for "A Beautiful Mind," noting that exit polls showed over 96% of viewers rating the film as "excellent" or "very good."

Wes Anderson's "The Royal Tenenbaums" achieved an impressive $11,868 per location, with plans to expand to 900 engagements the following week. Disney distribution boss Chuck Viane emphasized the importance of a gradual release for such films to build momentum.

Upcoming wide releases include Miramax's "The Accidental Spy" and Paramount's "Orange County." Disney's "Snow Dogs" is set to debut the following weekend, coinciding with the Martin Luther King holiday.

Warner Bros. celebrated a milestone with "Harry Potter and the Sorcerer's Stone," which crossed the $300 million mark with a $6.1 million weekend, bringing its total to $300.6 million. Dan Fellman, head of distribution at Warner Bros., reflected on the year, noting the studio's success in topping domestic market share in 2001.

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