According to BoxOffice.com's Early Weekend Estimates, Toy Story 3 is headed for a staggering debut of $124 million. The current opening weekend record for an animated film is Shrek Forever After's $121.6 million, so TS3 will own that as long as the estimate holds. The opening is also a personal best for the Disney/Pixar duo, topping the $70.5 million unadjusted debut of The Incredibles. When adjusting for inflation, Finding Nemo is the highest with $92.6 million.
Jonah Hex is officially the biggest dud of the summer. The Warner Bros. release is on pace for a disastrous $5.5 million. While star Josh Brolin will escape unscathed, this could be the end of Megan Fox now that she won't be starring in Transformers 3.
After an impressive debut last weekend, The Karate Kid is holding up well in the face of Toy Story 3. The martial arts flick will easily cross the $100 million plateau this weekend.
Cyrus is off to a solid start at four locations. The quirky Fox Searchlight release could end up being a modest indie hit this summer.
Check back tomorrow for studio weekend estimates.
Additional reporting by Daniel Garris.