Ticket sales in the U.S. and Canada would reach the annual $10 billion mark on Tuesday night for the first time, according to Reuters.

Through Sunday, the total U.S. and Canadian box office stood just $36 million short of crossing the $10 billion mark, said tracking firm Hollywood.com Box Office.

With Monday generating $29 million in ticket sales, led by strong results for Avatar, the industry was expected to cross $10 billion on Tuesday.

Ticket sales on Christmas Day last year were $76 million, and this year's total is expected to surpass that with Sherlock Holmes, Alvin and the Chipmunks: The Squeakquel, and It's Complicated hitting theaters.

"In this era right now, where job creation is so critical, our industry is one that is showing some major benefits to this economy, partly because of the growth of the international market," said Dan Glickman, chairman and chief executive of Hollywood trade group the Motion Picture Association of America.

"As you have emerging middle class consumers around the world, that means there is going to be an increased demand for filmed entertainment," Jack Kyser said.

Cinemark Movie Club