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"Paranormal Activity 3" previously held the record for biggest horror opening, with $52.6 million in 2011.

The new film is directed by Andy Muschietti, who also helmed 2013's horror movie Mama, and topped the United Kingdom box office following its opening weekend with £9,884,000 across 604 cinemas, film studio Warner Bros said.

According to Box Office Mojo's calculations, It accounted for more than three quarters of the revenue taken by the top 12 USA releases over the last weekend. That marks the third-largest movie opening for 2017 following Beauty and the Beast and Guardians of the Galaxy Vol. 2, beating out Spider-Man: Homecoming (which made $117 million in its first week) on the way. Perhaps the studios will even try for an It prequel.

Reese Witherspoon, a former decade-long owner of the September opening weekend record with Sweet Home Alabama, debuted far, far back in second place with weak results for her latest film Home Again which grossed an estimated $9M. 65% of the audience for "It" was over 25, according to exit polls. 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. For a movie that cost $35 million to make and was expected to make $75 million from the most generous predictions before this weekend, this is a huge opening for Warner Bros. Most box office analysts were predicting that the film, which stars Bill Skarsgård as the terrifying clown Pennywise, would open in the $70 million to $80 million range. Warner Bros. hopes to release the sequel in the fall of 2019.

Although "It" has just been released, plans for a second film are already underway. "The director made a fabulously compelling movie, our marketing just nailed it and the date was special". The worldwide sum hit $495.3M while the global gross rose to $823M passing the $816.3M of Wonder Woman in the process. "It" earned an 86 percent rating on Rotten Tomatoes.

The movie adapts only part of the 1,000-plus page book, in which its main characters are children.