Published: Tue, March 21, 2017
Money | By Oscar Reynolds

'Beauty And The Beast' makes over $170 million in opening weekend

'Beauty And The Beast' makes over $170 million in opening weekend

We have Beauty and the Beast to thank for that. It'll be close; the previous record, held by Batman V Superman, stands at $166 million.

Most major studios steered clear of "Beauty and the Beast".

Just a year ago, Batman v Superman set a record for the most amount of money grossed for the opening weekend of a March release - domestic totals only.

And last but not least, Beauty and the Beast has allowed Disney to break a record of its own in the category of animated-film-turned-live-action-film. The company's earlier live-action remakes like "The Jungle Book", "Cinderella", "Maleficent" and "Alice in Wonderland" had garnered $967 million, $544 million, $759 million and more than $1 billion, respectively, worldwide.

Other live action remakes in development at Disney: "Dumbo", "The Lion King", "Aladdin", "Mulan" and "Pinocchio".

Outside of a few scenes, the movie is an nearly exact remake of the classic 1991 Disney animated feature, which went on to win Oscars for best original score and best original song. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here . "You have to ultimately make these movies great".

No kidding to ALL of the above - and a very shrewd look at that last part.

Though many applauded the character's subtle twist as overdue progress, some derided it. In China, the film grossed $3.4 million on 386 screens. And after Malaysian censors required an edit of the scene, Disney pulled the film from release in the predominantly Muslim nation.

None of that dragged down the movie's massive opening.

"Beauty" cost the hardly trifling sum of $300 million to make, but analysts say it should easily reach profitability. "This obviously had zero impact on the movie". Trade Analyst Taran Adarsh shared, " What's noteworthy is, the opening weekend biz of #BeautyAndTheBeast is nearly three times higher than #Cinderella, #Moana and #Zootopia".

Fox's "Logan" took third place, pulling in $17.5 million and bringing the R-rated superhero tale's stateside total to $184 million. Fourth belongs to Universal's Get out, which brought in an estimated $13.2 million.

Like this: