IT Becomes the Horror Movie with Biggest Opening Ever

Posted 2017/09/11 0 0

The Stephen King adaptation has completely surpassed expectations!


The new adaptation of Stephen King's classic novel brought in an estimated $123.1 million for Warner Bros. and New Line Cinema at the North American box office this weekend, its first in theaters. According to the Hollywood Reporter, the film also pulled in a hefty $62 million from overseas audiences.

In fact, “It” enjoyed the biggest opening weekend ever for a horror film, having just beat out previous record-holder Paranormal Activity 3, and only came second to Deadpool's $132.4 million opening when it came to R-rated films. It's also the biggest for any Stephen King adaptation, whose body of adaptations also includes The Shining.

"It" was also the third biggest opening of the year. The profits on It beat out Spiderman: Homecoming by a narrow $200K, and sits behind Beauty And The Beast and Guardians Of The Galaxy Vol. 2 for the biggest release of the year.

"It" also shattered expectations for how it would do. Most box office analysts were predicting that the film, which stars Bill Skarsgård as the terrifying clown Pennywise, would open in the $70 million to $80 million range. The haul for "It" couldn't have come at a better time for Hollywood, as the film industry is coming off its worst summer at the box office in 20 years. It’s likely things will only continue to pick up with the likes of Kingsman: The Golden Circle, Thor: Ragnarok, and Star Wars: The Last Jedi all left on the 2017 slate.

With the record-breaking opening for "It" and potentially strong titles on the docket for the rest of the year, there's renewed hope that the box office can get back on the right track before year's end.

"'It' put some much needed air back in the box office balloon," said Paul Dergarabedian, senior media analyst at comScore (SCOR). "Suddenly the entire narrative has shifted from doom and gloom to optimism. 'It' effectively hits the reset button and creates new found momentum."

Directed by Andy Muschietti, the film sees Bill Skarsgård play Pennywise the Clown, the ancient, evil force of Stephen King's original novel who stalks the children of Derry and terrorises them with their own greatest fears.

It is out in theaters and available here to watch now.