Oz the Great and Powerful achieved astronomical success at this weekend’s box office.
Director Sam Raimi’s modern Wizard of Oz prequel starring James Franco, Mila Kunis, Michelle Williams and Rachel Weisz earned over $80 million in its debut. Although the film’s opening gross profits are impressive, Oz the Great and Powerful is not yet profitable. The Disney feature cost around $215 million to make.
Big budget fantasy features seem to be popular with moviegoers at the moment as Jack the Giant Slayer clenched second place with sales of $10 million. Nicholas Hoult, Stanley Tucci and Ewan McGregor feature in director Bryan Singer’s 3D re-imagining of the Jack and the Beanstalk fairytale. Jack the Giant Slayer, which had a $195 million production budget, has been in theatres for two weeks and has a domestic lifetime gross of $43.8 million.
Identity Thief is still going strong in its fifth week earning $6.3 million.
In the dark comedy Melissa McCarthy portrays Diana, a woman who steals the identity of a man played by Jason Bateman in director Seth Gordon’s feature.
Identity Thief has achieved great commercial success worldwide with international sales exceeding $118 million.