The decade-long wait to watch a Star Wars movie in theaters is finally over as The Walt Disney Company’s (DIS – Analyst Report) Star Wars: The Force Awakens hits theaters this week. High expectation from this movie is driving the company’s shares even higher. Disney’s shares have gained nearly 4% in the previous two trading sessions.

Per the market buzz, the movie is set to become the biggest opening ever in the month of December, breaking the record of The Hobbit: An Unexpected Journey, which earned $85 million domestically in the opening weekend of Dec 2012.

If we go by movie ticket seller, Fandango, Star Wars: The Force Awakens has already broken all records in advance ticket selling. IMAX Corporation said that it has sold tickets twice that of the earlier record. Disney has entered into a tie up with IMAX to release The Force Awakens on all IMAX screens across North America for a four week-long period, from the time of its release on Dec 18. Moreover, most of the overseas IMAX locations will be screening The Force Awakens for a month.

According to MovieTickets.com, the advance tickets booked for the Star Wars: The Force Awakens in the past 24 hours makes up 91% of all sales of the website. Analysts have estimated that the movie will collect $130 million to $150 million during the opening weekend. Lucasfilm started the advance ticket sales from the month of October.

However, it will be difficult for Star Wars: The Force Awakens to break the record of Avatar, which became the highest grossing movie ever with $2.8 billion in worldwide collections. The second film to collect more than $2 billion was Titanic. Although, if this seventh Star Wars episode manages to break the records of these two movies, it won’t come as a surprise given the kind of popularity it has seen in the past few months.

There has been a lot of buzz surrounding Star Wars ever since Disney announced the seventh episode. It is the first Star Wars movie in a decade. The last release was Revenge of Sith in 2005. The release of Star Wars: The Force Awakens will be a fitting end to Disney’s spectacular year.

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