Film Based on Stephen King Novel "It" Rules Weekend Box Office

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According to reports, the R-rated horror film earned a whopping $123.1 million at 4,103 locations, becoming the third-largest opening weekend of 2017.

When the official numbers roll in Monday morning, there may be a small difference, but these estimates are as close to official as we can get for now. IT also scored the third highest opening of the year, beating out Spider-Man: Homecoming's $117 million and slotting in behind Beauty and the Beast's $174.8 million and Guardians of the Galaxy: Vol. 2's $146.2 million. $7.2 million of "It's" domestic grosses are coming from 377 Imax screens. The film has a fresh 86-percent Rotten Tomatoes score, and audiences, who were 65 percent over age 25, gave "It" a B+ CinemaScore.

This also goes to show, once more, that you don't have to throw the big bucks at a movie in order to see big rewards. Previously, the highest September debut was "Hotel Transylvania 2" which garnered $48.5 million its opening weekend in 2015.

It is the second-biggest opening for an R-rated film behind Deadpool's three-day debut of $132.4 million, while its massive $51 million Friday actually beat Deadpool's $47 million. That's even with less theaters showing the movie thanks to Hurricane Irma in Florida forcing the closure of 175 theaters this weekend.

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Lionsgate's action comedy film "The Hitman's Bodyguard" dropped to third place with an estimated 4.85 million US dollars after a three-week lead at the gloomy North American box office. That's the record for a horror film, and a substantial comeback for Hollywood after almost three months of low numbers. New Line has not set a release date, although 2019 is likely, and if child actors are to be involved, the studio will have to move quickly before they grow out of the roles. "Every month of the year is a potential hit-maker and this is really good news for an industry that for the last six weeks has been in the doldrums".

"We couldn't be more thrilled with the results, and congratulate New Line Cinema, director Andy Muschietti and his phenomenal cast and crew on this fantastic opening".

Bill Skarsgard plays the movie's terrifying clown Pennywise who goes around terrorizing a group of children in a small town in the USA state of Maine.