'Beauty and the Beast' Box Office Haul: Film Earns $1B Worldwide

'Beauty and the Beast' Box Office Haul: Film Earns $1B Worldwide

And the success of "Beauty and the Beast" bodes well for Disney's overall strategy.

Disney's live-action remake is the 29th film to officially hit that number at the worldwide box office, helping it to maintain its position as the highest grossing film of the year so far.

The company reported that "Beauty and the Beast" had grossed $9.7 million on Tuesday to lift its worldwide total to $993.2 million with $435.9 million domestically and $557.3 million internationally.

The film was already considered 2017's highest-grosser worldwide, but the box office draw this week catapulted it into in a different category; it's now the highest-grossing live-action movie musical in history.

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The movie set a record for a March opening after it debuted at $170 million in the US on opening weekend and it's only one of several planned live-action remakes - Disney is planning "Dumbo" and "Mulan" as well.

The $174.8 million opening weekend for "Beauty" set a record as the best domestic March launch, topping "Batman v Superman" and solidifying Disney's status as the current dominant player in the film business.

Of course, this kind of onslaught is par for the course for Disney, which expects to dominate at the box office at this point. However, it gave Disney the additional nod thanks to the power of its film division, which should drive record earnings this year and next. James Cameron, whose films are sitting pretty in the first and second spot, probably isn't too anxious just yet.

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