Economy

'It' dominates Box Office weekend by taking home $117 million

'It' dominates Box Office weekend by taking home $117 million”

Made at a modest budget of $35 million, It's opening is right up with Spider-Man: Homecoming ($117 million), which shared a similar start followed by Wonder Woman ($80 million). It turns out that those guesses could not have been more wrong, as the latest figures show that the new coming-of-age/horror feature should make almost twice that much and destroy some September records on its way. Analysts thought the movie would earn $50 million to $60 million in its opening weekend.

"Whilst 'It" did well in the United States the film also did well in the UK bringing in a decent amount of $12.3 million and in Russian Federation $6.7 million.

Internationally, It is expected to bring in a further $62 million this weekend, boosting the total worldwide haul to around $180 million.

With only Beauty and the Beast and Guardians of the Galaxy Vol. 2 earning more, it's something of a landmark moment for both horror and R-rated cinema, areas which Hollywood has always been hesitant in investing in with major studio budgets. With numbers this high, there's no doubt a sequel will be made in the near future.

Box Office Mojo posted its Saturday morning update, and "It" looked good to cross the century mark and make north of $100 million this weekend in the US Box Office alone. It is only behind Captain America: Civil War and Avengers: Age of Ultron.



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