Thanks to "Beauty and the Beast", Warner's "Kong:Skull Island", Fox's "Logan", and now Power Rangers among other titles, March box office has already hit 1 billion US dollars for the first time - with five days left in the month according to comScore.
The Emma Watson-led ensemble pulled in $170 million at 4,210 theaters in North America and another $180 million in foreign receipts, giving "Beauty and the Beast" a whopping $350 million opening weekend total, according to.
Lions Gate Entertainment Corp.'s "Power Rangers" took in $40.5 million in its debut, beating the $36 million forecast at BoxOfficePro.com.
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Disney's strategy of making old animated movies into live-action remakes are paying off well.
In the opening weekend, the movie garnered $170 million.
The film was the highpoint of a weekend dominated by nostalgia-driven fare, with Power Rangers and CHiPs also released in cinemas. It had already grossed $1.3 million in previews. The film earned an A CinemaScore from customers and A+ from the 30% of moviegoers under 18.
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"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 centers on the origins of the Mighty Morphin Power Rangers, a group of high schoolers given extraterrestrial powers who unite to save the world. The raunchy action comedy CHIPS, with Dax Shepard and Michael Peña on the motorcycles, and space thriller Life, starring Jake Gyllenhaal and Ryan Reynolds, failed to gain much traction. With a $58 million price tag, Sony and Skydance's "Life" has a long journey to profitability. That's still more than Logan made for its first three days in theater, as well, as the Marvel hit brought in $85 million at the top of the month.
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