'The Hobbit' Victim Of 'Texas Chainsaw' Massacre As It Slips From No. 1 Box-Office Spot

Horror movie disposes of Peter Jackson's fantasy epic

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'The Hobbit: An Unexpected Journey' was the latest victim of the horrifying 'Texas Chainsaw' franchise of movies as it lost its number one box-office spot to newest reboot 'Texas Chainsaw 3D'.

Defying the expectations of critics, the blood curdling gorefest opened at number one with $23 million, bumping 'The Hobbit', which had had audiences captivated over Christmas.

According to Box Office Mojo, sandwiched between the two is Quentin Tarantino's 'Django Unchained' which saw a strong second week in theatres taking $20m.

'TC 3D's' take falls below the first reboot of the 1974 slasher flick, which took $28m but did better than the previous movie 'The Beggining', which only took $18m.

'The Hobbit's' director Peter Jackson won't spend too much time moping around The Shire though as his film has take $825m worldwide and $263m in North America, making it the sixth highest grossing film in the US. It took $17m this weekend.

In at number four was Tom Hooper's epic 'Les Miserables', starring Anne Hathaway and Hugh Jackman,  which joined the $100m in total receipts club after an impressive $16m.

Billy Crystal and Bette Midler's unexpected hit 'Parental Guidance' rounded off the top five with $10m.

 PHOTOS: 'Django Unchained' stills

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Leonardo DiCaprio in 'Django Unchained' (Photo: WENN/Weintein Co)