A few weeks after the release of the seventh installment of the Star Wars franchise, it is dubbed to become the most successful film of all time.

Star Wars Episode VII: The Force Awakens opened in the US last December 17, breaking records with box office opening of $248M and $529M worldwide.  

The $200m (£135m) budget adventure is now chasing the global champion Avatar, which made $2.7bn in 2009.

The film which reunites old fan favorites Han Solo, Princess Leia and Luke Skywalker played by Harrison Ford, Carrie Fisher and Mark Hamill respectively, has earned the prestige of being the fastest film to reach $1 billion at the International Box Office. It is also behind the record of Avatar, which earned $2.7B back in 2009.

Shortly after two weeks, it has also taken a spot in the all-time UK top 10, beating all Batman and Hobbit films.

"For cinemas it's the perfect end to a strong year and a great start to 2016 after a tough 2014," said Andreas Wiseman, of Screen International.

New characters were also introduced as the worldwide phenomenal movie series begin another trilogy. It stars Daisy Ridley, John Boyega, and Oscar Isaac who have also been receiving positive feedback from fanatics, general audience and critics.

Scott Feinberg, from Hollywood Reporter, said the film "could resonate with the Academy" after being named one of the American Film Institute's 10 best films of the year. In the event of the Oscar Best Picture nomination, the sevent film would be the first Star Wars episode to do so.

Disney, who acquired Lucasfilm for $4B in early 2012, is confident the the latest installment will receive the warmest welcome from die hard fans all over the world.  The production company has already announced their slate of planned sequels, spin offs and anthologies that will be released every year through 2020.  

z"The spinoffs should fare well by association and providing Disney gives each film sufficient space to breathe and find its own voice," said Wiseman. "But they are unlikely to match the might of the core Star Wars films at the box office."