The fourth installment of Summit Entertainment's Twilight franchise remained the box office leader Friday, taking in $16.9 million, according to studio estimates.

The Twilight Saga: Breaking Dawn -- Part 1 is on track to gross $61 million over the five-day holiday weekend. Disney's The Muppets, meanwhile, took in an estimated $12.3 million on Friday and now is looking at a $42 million five-day weekend.

Two other new releases, the Paramount/GK Films 3D Hugo and the Sony/Aardman animated Arthur Christmas grossed about $4.5 million each on Friday. Arthur Chrismtas is tracking for about $15.2 million for the long weekend and Hugo looks to be set for $15 million for the five days, according to rival-studio estimates.

The Warner Bros. holdover Happy Feet Two grossed an estimated $5.1 million on Friday. That movie is on pace for $17.2 million over the five-day weekend.

Friday update:

Summit Entertainment's fourth Twilight movie continued its strong play Thursday, Thanksgiving Day, grossing $7.8 million, according to studio estimates, and beating a trio of newly released PG movies.

That group included Disney's The Muppets, which fell off its early strong pace Thursday, grossing just $5.9 million. The film is now on pace to gross less than $40 million over the five-day holiday.

Among other newly released titles, Martin Scoresese's 3D family film Hugo grossed $2.3 million, according to rival-studio estimates. The Paramount/GK Films release is on pace to gross just over $16 million over the holiday period.

Sony/Aardman's Arthur Christmas grossed $1.9 million Thursday and is on pace to gross less than $15 million over the holiday.

Among holdovers, Warner's Happy Feet Two took in $2.1 million Thursday. It could have more than $40 million in total grosses by the time the weekend is over, but that's not where the studio hoped the $130 million film would be after two weekends.

Thursday update:

Disney's anticipated film reboot of The Muppets enjoyed a solid $6.6 million debut Wednesday, the day before Thanksgiving. But it was the continued strong play of Summit's Twilight Saga: Breaking Dawn - Part 1 that continued to rule the box office, grossing $12.4 million, according to rival-studio estimates.

The fourth Twilight movie is on pace to gross close to $60 million over the five-day holiday period, which would give it a domestic total of well over $200 million by the end of the weekend.

Debuting at 3,440 theaters, Disney's The Muppets could come close to $50 million over the same five-day period, which beat pre-release estimates.

Also read: Disney's 'Muppets': The Raciest Marketing Campaign Ever for a PG Film (Video)

While The Muppets will manage to carve a niche at a box office flooded with PG films, Paramount/GK Films' Hugo and Sony/Aardman's Arthur Christmas had a quieter time getting established Wednesday.

Arthur Christmas debuted to $2.4 million at 3,376 U.S. and Canadian theaters Wednesday and is on pace for only around $16 million for the five-day holiday.

Starting out in 1,227 locations, the Martin Scorsese-directed Hugo grossed $1.7 million, according to rival studio estimates, putting it on pace for around $14 million for the holiday.

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