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‘Star Wars: The Force Awakens’ Broke Box Office Records Last Night

Fans flocked to theaters in the early hours of the morning to catch a first glimpse of the seventh film in the highly anticipated Star Wars saga.

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Nomura Securities analyst Anthony DiClemente, who rates Disney a “buy”, said he was more confident after seeing the movie that it could become the top-grossing film of all time.

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President Obama wrapped up his final press conference of the year Friday by telling reporters at the White House that he had to get to a showing of “Star Wars: The Force Awakens”.

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The film also set a new opening day box office record in the United Kingdom and Ireland.

With a $200 million production budget, and millions more spent on marketing and advertising, the film needs to make roughly $1.5 billion to be considered a financial success, according to a report by “60 Minutes”.

The latest instalment in the dinosaur theme park franchise made nearly $209m in its first three days on North American release in June.

“Star Wars: The Force Awakens” hurtled into record books on Friday with United States and Canadian ticket sales speeding toward $100 million, giving the long-awaited film a shot at the biggest opening weekend of all time. Greenfield said the success of “Force Awakens” would not be enough to offset the impact of subscriber losses at ESPN. Odeon, for example, has imposed a ticket surcharge of up to £2.

While spoilers will not be given out, the film was full of surprises while paying homage to both trilogies that came before it. The film is expected to do well at the box office and the two showtimes at Paramount Cinema in Fremont saw long lines outside waiting for the theater to open. The record is held by “Avatar” with $2.8 billion.

“We’re making sure there are numerous daily showtimes for “Star Wars” available at all of our locations across the country”, said Mark Zoradi, CEO of Cinemark Holdings Inc., one of the largest exhibitors.

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Directed by JJ Abrams, Star Wars: The Force Awakens returns to “a galaxy far, far away” some 30 years on from the action of 1983’s Return of the Jedi.

Jolanta Bird outside the theatre following the first screening of Star Wars The Force Awakens