5.11pm: The Hobbit: The Battle of the Five Armies opens on Christmas Eve, and a sequel is already in the works, with the studio having already committed $200m to it.
The movie is expected to open to a record $600m worldwide, making it the biggest opening in history.
The Hobbit director Peter Jackson, who also co-wrote the movie with his brother JRR Tolkien, was due to present the first Hobbit movie to a rapturous audience at the Toronto International Film Festival.
6.00pm: It has been a busy Christmas day at Warner Bros and Disney, with Marvel Studios releasing the first teaser trailer for Spider-Man: Homecoming, as well as a number of other announcements.
The company also revealed that it had acquired The Hobbit franchise, a film that will feature several characters from the Lord of the Rings franchise.
7.00am: Disney and Warner Bros are both making the biggest announcements yet for the day.
Disney announced a new theme park and theme park expansions in China, while Warner Bros announced that it is opening a Star Wars theme park in China and launching an Avengers themed amusement park.
9.00 am: The next two days will see the release of new films from Warner Bros, Marvel Studios and Disney.
They will also see the start of the release date of Star Wars: The Last Jedi, the third movie in the Star Wars universe, which is due to open in cinemas on December 15, 2019.
11.00 pm: We will be following all the big news, with previews and commentary from The Irish Sun’s David Coyle, as he looks ahead to what’s coming on Christmas Day.
You can follow him on Twitter: @coyledavid.