Which studio’s going to have the most to be thankful for this Thanksgiving weekend? Summit Entertainment, yet again. Even with three new contenders entering the race, The Twilight Saga: Breaking Dawn – Part 1 snagged the top spot with ease on Wednesday, adding another $12.5 million to its already massive $171.5 million pot. Should Breaking Dawn continue to just about match New Moon‘s numbers, it’ll take about $40 million this weekend and $70 million for the six-day holiday stretch.

Trailing far behind in second place should be The Muppets, which began its run with a $6.6 million Wednesday, putting it on track for a $30 million weekend and a $44 million holiday week. It’ll be a tight race for the third position as second-weeker, Happy Feet Two, and newcomer Arthur Christmas were a mere $500,000 apart yesterday. While Arthur Christmas may have the holiday time appeal, the power of the squeal could overcome, giving Arthur Christmas $16 million for the weekend and $26 million for six days and Happy Foot Two $18 million for three and $28 million for six.

Sadly it’ll also be a tight race between Immortals, Jack and Jill and the far superior newcomer Hugo for the fifth position. Then again, Hugo is only arriving in 1,277 theaters, meaning it’ll still have a far superior per theater average despite its grand total. I have high hopes positive word-of-mouth will give Hugo the boost it needs to bypass the competition, posting $10 million for the weekend and $16 million over the next six days while Immortals snags just $9 million from Friday to Saturday and $12 million from Wednesday to Sunday and Jack and Jill takes $7 million for the regular weekend and $11 million for the long haul.

Puss in Boots continues to hold on rather strong, but a second entry in the animation department could give it quite the knock. After a $1.6 million Wednesday, Puss could go on to take $6 million for the weekend and $9 million for the six-day run. Thanks to A Very Harold & Kumar 3D Christmas’ fast decline, Tower Heist and J. Edgar should have no trouble holding onto the ninth and tenth spots, respectively. After a $7.1 million third weekend, Tower Heist could lose about 35% of that in week four, giving it $4.5 million for the weekend and $6.5 million for six while J. Edgar is poised to earn about $3.5 million for three days and $5 million from Wednesday to Sunday.

Shockya.com Predictions

10. J. Edgar

By Perri Nemiroff (via Box Office Mojo)