According to BoxOffice.com's Early Weekend Estimates, Wall Street: Money Never Sleeps is set to debut with an impressive $21 million after raking in $7 million on Friday. That marks the best unadjusted opening weekend for Michael Douglas. His previous record was $17 million for Don't Say a Word. Basic Instinct's opening is $28.8 million when adjusted for inflation.
Legend of the Guardians: The Owls of Ga'Hoole should land in second place after a $4.57 million haul on Friday. Warner Bros. has to be a bit disappointed that the owl tale didn't post comparable numbers to the animated 3D output of rival studios. Even though Disney/Pixar and DreamWorks Animation dominate the genre, both Sony and Universal recently had success thanks to Cloudy With a Chance of Meatballs and Despicable Me, respectively. Fox is also in play in a major way thanks to its Ice Age juggernaut. Based on this opening, it's clear that Ga'Hoole won't turn into a mega franchise for WB.
You Again is set to open below $10 million. That's a disappointing debut for star Kristen Bell, because her previous leading role in When in Rome resulted in a $12.4 million opening. The young starlet is obviously not building momentum at a crucial time in her career.
The Town is on pace for a very healthy sophomore weekend hold. There's a chance that the crime flick could still finish in second over Owls of Ga'Hoole.
Check back tomorrow for studio weekend estimates.
Additional reporting by Daniel Garris.