‘Beauty and the Beast’ Opens With $170 Million in Ticket Sales

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By Douglas A. McIntyre Updated Published
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‘Beauty and the Beast’ Opens With $170 Million in Ticket Sales

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[cnxvideo id=”508131″ placement=”ros”]”Beauty and the Beast,” released last week by Walt Disney Co. (NYSE: DIS), broke several ticket sales records as it opened with sales of $170 million. No other movie has posted numbers this large in March. It was also the seventh largest weekend box office number of all time. The movie opened in 4,210 theaters.

The basic story has been used dozens of times to produce books, plays and movies. It was originally published in 1740, written by French novelist Gabrielle-Suzanne Barbot de Villeneuve under the title of “La Belle et la Bête.” Disney released it as an animated feature in 1991. The story is about a beautiful young girl who falls in love with a beast who has captured her father. She is required to give the beast a rose he has picked in exchange for riches given by the beast to her father.

The latest version of the story stars Emma Watson, Dan Stevens and Luke Watson.

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The $170 million open allowed “Beauty and the Beast” to top a number of the most successful movies in recent American history. According to Box Office Mojo:

With an estimated $170 million, Beauty and the Beast topped the previous March opening weekend record of $166 million set by Batman v Superman: Dawn of Justice just last year. It’s also the seventh largest opening weekend ever, ahead of the $169.1 million opening for Harry Potter and the Deathly Hallows – Part 2 and just behind Iron Man 3’s $174.1 million opening from May of 2013. It’s also the largest opening for a PG-rated film, topping Finding Dory’s previous record of $135 million, as well as the largest Spring opening weekend, fourth largest Saturday gross of all-time, sixth largest Sunday gross and eighth largest theater average for a wide opening release.

“Beauty and the Beast” posted such a large figure that it should overtake X-Men sequel “Logan” to become the top box office film of 2017, probably in the next week.

“Beauty and the Beast” received strong reviews from critics, and even better ones from people who saw the movies. According to review site Rotten Tomatoes, 70% of those who reviewed the movie gave it positive rating. Over 86% of ticket buyers “liked it.”

“Beauty and the Beast” was also a smash hit overseas, with $180 million in sales in 44 countries. That brought its global total for the weekend to $350 million.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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