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Clowns are turning up to It screenings and everyone's freaking the hell out

The film was also a successful horror release and now sits at $96.2 million domestic.

It, the New Line/Warner Bros. adaptation of Stephen King's classic novel, is expected to end its opening weekend with $117.2 million at the box office.

Scary clowns dominated the United Kingdom box office as the remake of Stephen King's horror film It raked in almost £10 million during its opening weekend.

According to Box Office Mojo's calculations, It accounted for more than three quarters of the revenue taken by the top 12 US releases over the last weekend. The movie's Friday take alone was bigger than the previous September crown holder, Hotel Transylvania 2.

Warner Bros. also scored the biggest horror movie debut of all-time as well as the second biggest R-rated launch ever trailing just the $132.4M of last year's Deadpool. However, some estimates have It going as high as $120 to $125 million for its opening weekend, once the final totals come in. Hell, horror movies don't do this type of business, regardless of rating.

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A sequel to It was already in development before the film hit theaters this weekend, with writer Gary Dauberman returning to write and Andy Muschietti back to direct. The road ahead is bright for It which could finish its domestic run in the $250-300M range which is just mind-blowing for a $35M production.

The movie's success over the weekend was spectacular considering the project cost only $35 million to produce.

These numbers are utterly insane, and prove that it doesn't matter when in the year a film is released, in terms of generating record grosses-all that matters is that audiences actually want to see it. This weekend, Homecoming dropped 45.3 percent to bring in another $2 million. Reviews were not very good and the B grade from CinemaScore indicates only medium satisfaction from customers. The worldwide sum hit $495.3M while the global gross rose to $823M passing the $816.3M of Wonder Woman in the process.

Coming in at fourth place for the weekend was the Warner Bros. and New Line release, Annabelle: Creation.