Summary:
The Wizard of Oz has topped box office estimates for the first time in more than a decade.

Full article:
Los Angeles (CNN) -- Families and couples flocked to theaters to see Disney's "Oz the Great and Powerful," raising opening weekend ticket sales around the world to $150.2 million, according to box office estimates released Sunday. The film stars James Franco as a carnival magician swept into the land of Oz by a tornado, a prequel to the 1939 classic "The Wizard of Oz," which starred a teenage Judy Garland. "Oz" sold an estimated $80.3 million in tickets at U.S. cinemas on Friday, Saturday and Sunday, according to Exhibitor Relations, a company that gathers box office estimates as they are self-reported by studios. Another $69.9 million in box office receipts were collected outside the United States, bringing the global take to $150.2 million, the company estimated. The movie and its promotion cost Disney about $300 million, according to several media reports. The success of "Oz" dwarfed "Jack The Giant Slayer," which was the No. 2 U.S. movie, bringing in $10 million in it's second weekend. CNN's David Daniel contributed to this report.