'M:I - Ghost Protocol' Tops New Year's Box Office

Tom Cruise‘s Mission: Impossible – Ghost Protocol held on to the top spot at the box office to kick off 2012.

The action film brought in a projected $40 million for the four-day weekend, while Jude Law and Robert Downey, Jr.’s Sherlock Holmes: A Game of Shadows took in $22.1 million over three days this weekend.

Third place went to Alvin and the Chipmunks: Chipwrecked, with $18.3 million – the film’s expected to break the $100 million mark domestically by Monday.

Also making its debut in limited release was Meryl Streep‘s The Iron Lady, which fared very well at four locations and averaged over $55,000 per screen, Variety reports.

WHAT DID YOU SEE at the movies this weekend?