“The Hobbit: The Desolation of Smaug” stands in Ron Burgundy’s way to the top spot of North American Box Office with an estimated $31.5 million.

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“The Hobbit 2” sits at the top spot for a second week in a row wherein the Warner Bros. release falls 57 percent from last weekend’s debut. Overseas, the Peter Jackson-directed action fantasy film gained additional $96 million, pushing its domestic gross to $127.5 million and worldwide total to $403.8 million.

At the runner-up place, “Anchorman 2” collects approximately $26.8M for the weekend alone and grosses $40M for its five-day debut since opening Tuesday night. Overseas, it pockets $13.4M. The first film, released 2004, made $28.4M and $5.3M for respective weekend debuts nationally and internationally.

Head of domestic distribution for Paramount Don Harris said that “Anchorman 2” will have a much larger footprint internationally than the last “Anchorman” did.

“Will Ferrell has done a really good job of turning this character into something that travels around world,” Harris added.

Ranked to the fourth and fifth places respectively were the “American Hustle” and “Saving Mr. Banks”.

The David O. Russell film take on FBI ABSCAM operation garners an estimated $19.1 million in its major debut weekend and Disney’s movie about the making of classic “Mary Poppins” musical rakes in approximately $9.3 million.

“Frozen (2013)”, which is the Mouse House’s animation, falls one spot to No. 3 with additional $19.2 million while Fox’s 3D family-oriented pic “Walking With Dinosaurs” made on $85M budget tanks at No. 8 with only around $7.3M in its debut weekend. It’s followed by Bollywood action “Dhoom 3” with an estimated $3.3M in its first weekend stateside.

In limited release, Spike Jonze’s strongly-lauded sci-fi romance “Her” rakes in an estimated $361,000 over five days in three cities, which was led by Joaquin Phoenix and voiced by Scarlett Johansson, makes a good $60,000 per screen.

“The Hobbit: The Desolation of Smaug” which has Martin Freeman, Ian McKellen, Orlando Bloom and Benedict Cumberbatch in the cast ensemble is also a strong player overseas, which collected around $131 million from 49 locations abroad, pushed its worldwide debut to $205 million.

Scenes from “The Hobbit: The Desolation of Smaug”:

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