It, based on the Stephen King horror story, has topped the box office in a record-breaking debut for a September release, a sign of hope for an industry reeling from its worst summer in more than a decade.
Viral marketing featuring a creepy clown and a red balloon helped drive excitement around It, which collected an estimated US$117.2 million in sales in US and Canadian theaters for distributor Warner Bros, researcher ComScore Inc. said. The total beat estimates by a wide margin. The other new release of the weekend, romantic comedy Home Again, placed second with US$9.03 million.
The blowout success of It is a boost for Warner Bros' Toby Emmerich, who was promoted in December from the New Line label to lead the studio's film division. The movie had been in various stages of development, but Emmerich's New Line helped get it made, and critics responded with glowing reviews.
The film is the first of several highly anticipated releases in September and the fourth quarter that may help Hollywood make up some of the ground it lost in the summer, when movies from Baywatch to King Arthur failed to connect with audiences.
Through the weekend, movies had collected US$7.76 billion in US and Canadian theatres, down 5.5 per cent from a year earlier. But with films such as Star Wars: The Last Jedi and Justice League on the way, sales may climb in the double digits in the fourth quarter, disproving the notion that filmgoers are sick of sequels, said Eric Wold, an analyst at B. Riley & Co.