"The Hobbit: There And Back Again," the third installment in Peter Jackson's opus, is expected to be among the most awaited films of 2014 as fans eagerly await what becomes of Bilbo.

The third installment of the Hobbit series will lead an impressive cast this year including "The Amazing Spider-Man 2," "Godzilla," "Transformers: Age of Extinction," "The Grand Budapest Hotel," "The Hunger Games: Mockingjay," "X-Men: Days of Future Past," and "Dumb and Dumber To."

"The Hobbit: There And Back Again" is the "Lord of the Rings" director's epic ending to the trilogy "adapting the enduringly popular masterpiece The Hobbit, by J.R.R. Tolkien," Comicbookmovie.com said.

"The film concludes the adventure of the title character Bilbo Baggins, who joins the Wizard Gandalf and thirteen Dwarves, led by Thorin Oakenshield, on an epic quest to reclaim the lost Dwarf Kingdom of Erebor," it added.

Judging by the audience reception to the second installment "The Hobbit: The Desolation of Smaug," the epic conclusion to the trilogy is expected to dwarf again the other movies in the box office list.

The second part still ruled the US box office for the third consecutive week, edging out other films like Disney's animated film "Frozen," and the extremely popular Will Ferrell starrer "Anchorman 2: The Legend Continues." Round out the top five are "American Hustle" and the "Wolf of Wall Street."

"The Hobbit: There and Back Again" is not without controversy however. The original date of release was even delayed by six months from June this year up to the end of 2014 because of the legal problems between two production outfits.

According to Radar Online in an earlier report, the success at the box office of the second installment is driving a wedge between Miramax and New Line Cinema and Warner Bros. The matter was even lodged before a court over the demand of Harvey and Robert Weinstein to get 5% of the profits.