Box Office Report: ‘It’ feeds on box office, floats to largest horror opening record with $117+ million

Box office tracking once again severely underestimated a film’s potential, with It blowing away initial $50 million predictions to make an estimated $117.15 million this weekend, according to Box Office Mojo. Other estimates have pushed as far as $125 million.

Not only is this a massive win for the film, but it puts It among the top of the entire year and, in certain categories, of all time. With $117.15 million, It‘s opening weekend will outgross that of Spider-Man: HomecomingWonder WomanThe Fate of the Furious and Logan (not combined). At the moment, the Stephen King adaptation, directed by Andy Muschietti and starring Bill Skarsgård as Pennywise the Dancing Clown, only stands behind Guardians of the Galaxy Vol. 2 and Beauty and the Beast, and should stay in the top 10 openings of 2017 once the year is over.

That number also marks the largest September opening ever by nearly $70 million (and possibly more so if the actuals turn out to be $125+ million) and the largest opening for a horror film ever. It falls just short of the largest R-rated opening, which belongs to Deadpool at $132.4 million.

On merely a $35 million production budget and with upwards of $60 million taken internationally, It has already made it’s money back, and then some. A sequel is in the works, but New Line Cinema (a label of Warner Bros.) will be very comfortable financing the next chapter, and perhaps offering it a larger production budget.

The weekend’s #2 is a sharp fall off from It, as Home Again, the Reese Witherspoon romantic comedy, grossed an estimated $9 million. That marks almost a $110 million difference between first and second place.

After three weekends at the number 1 spot, The Hitman’s Bodyguard falls to #3, taking an estimated $4.85 million. Despite less than favorable critical ratings, the film, made for $30 million, is massively successful.

Wind River continues a very solid run after expanding wide, with its domestic total exceeding $25 million, assuredly making its money back.

Finally, after releasing in every market, Dunkirk will soon wrap up its theatrical run. It stayed in the top 10 this weekend, landing #8 with an estimated $1.95 million. Its $183 million domestic total nears Interstellar‘s $188 million, and has a chance at passing it. The film should also reach $500 million worldwide, currently standing at $492 million, which already distinguishes it as the largest grossing World War II film of all time (not adjusted for inflation).

*All weekend numbers are domestic, meaning that they’re from theaters in the U.S. and Canada, and are also estimates, reported by Box Office Mojo, with actuals coming out in the next few days.*

Featured image via Warner Bros.