'Beauty and the Beast' now 6th highest grossing film in PH


The Disney movie, which opened in local cinemas on March 16, also had the biggest opening weekend of 2017, garnering a cumulative box office of US$6.3 million in Philippine theaters. And after just 10 days in North American theaters, "Beauty and the Beast" is already 55th on the all-time domestic list at $317 million.

The Disney film featuring Emma Watson and Dan Stevens generated weekend sales of $88.3 million in USA and Canadian theaters, ComScore Inc. estimated in an emailed statement Sunday.

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Lionsgate's rebooted "Power Rangers" is launching with a solid $40.5 million this weekend while Sony's space-thriller "Life" showed only moderate traction with $12.6 million. The WB movie opened to only $7.6 million. Currently, it is nearly certain that the movie will cross $400 million at domestic box office. The film also got a deathly B- CinemaScore from audiences.

"Brand recognition will get you far - it gives you a leg up before you even start - but at the end of the day, it comes down to the movie itself", said Paul Dergarabedian, senior media analyst for comScore. The movie tells the story of high-school superheroes who use their powers to save the world.

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"Beauty and the Beast" is already the 171st highest worldwide grosser, trailing the entire run of "Clash of the Titans" with $493.2 million.

Disney's strategy of making old animated movies into live-action remakes are paying off well. The third weekend of Warner-Legendary's "Kong: Skull Island" was headed for third place with $14.4 million at 3,666 locations, which gives the giant ape a domestic total of $133.5 million in its first 17 days. "Power Rangers" carries a $100 million price tag. 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.

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