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'The Lorax' Breaks Multiple Records as It Opens on Top of Box Office

 Universal Pictures' environmental animated movie "The Lorax" secures the champion title on North American box office with a massive gross on its opening weekend. The family film based on Dr. Seuss' children book grabs an estimated $70.7 million, which is far above the studio's expectation.

The satisfying result marks the biggest opening ever for a non-sequel animated pic, breaking the record previously held by Pixar's "The Incredibles" which opened to $70.5 million in 2004. "Lorax" also marks the greatest box office performance by any animated film since 2010's "Toy Story 3", which debuted to $110.3 million, and "Shrek Forever After", which opened to $70.8 million.

"Lorax" scores the fourth top opening ever for any Universal's movie. Additionally, the Zac Efron and Taylor Swift-starring movie breaks the record of greatest opening in 2012, besting the $41.2 million scored by "The Vow" last February.

"The result is phenomenal," says Universal president of domectic distribution, Nikki Rocco, of the animation which production cost below $70 million. "Word of mouth was great, and that's why Saturday was up 80% from Friday. It's just spectacular."

Receiving an "A" CinemaScore, "Lorax" attracts to mostly parents and kids under the age of 12, which make up 70% of its ticket buyers. "I think there was a huge desire to see a Dr. Seuss 3D film from the creators of 'Despicable Me'," Rocco says.

Opening on the runner up spot is rave party film "Project X". The Warner Bros. Pictures' found-footage movie bags around $20.7 million despite the fact the the film cost a modest $12 million. Receiving a "B" CinemaScore, it appeals to 67% moviegoers under the age of 25 with 58% of them are males. "[Producer] Todd Phillips is just incredibly talented," Warner Bros. executive vice president of distribution Jeff Goldstein said of the R-rated film.

Former chart-topper "Act of Valor" falls to the third place with approximately $13.7 million, dropping 44% from last week. Denzel Washington's action pic "Safe House", meanwhile, stays on the fourth position this week with around $7.2 million, dropping only 34% from last week. Rounding up the top five is "Good Deeds", which adds an estimated $7 million to its domestic cume.

On the other hand, Oscar's big winner "The Artist" finishes on the tenth place with around $3.9 million, increasing 34% from the prior weekend. The acclaimed silent drama, which cost a mere $15 million to produce, collects a total domestic cume of $37.1 million after fifteen weeks of playing in theaters.

Top Ten Movies at Box Office for March 2-4, 2012:
  1. "The Lorax" - $70.7 million
  2. "Project X" - $20.7 million
  3. "Act of Valor" - $13.7 million
  4. "Safe House" - $7.2 million
  5. "Good Deeds" - $7 million
  6. "Journey 2: The Mysterious Island" - $6.9 million
  7. "The Vow" - $6.1 million
  8. "This Means War" - $5.6 million
  9. "Ghost Rider: Spirit of Vengeance" - $4.7 million
  10. "The Artist" - $3.9 million
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