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"Jack the Giant Slayer" Tops Box Office with $28 Million

Comstock/Thinkstock(NEW YORK) -- Jack the Giant Slayer stood tall at the weekend box office.

The film, based on the legendary fairy tale, earned an estimated $28 million to debut in first place.  Despite the achievement, the total is still a disappointment, considering Jack the Giant Slayer had a reported budget of $195 million.

Last week's box office champ, Identity Thief, slipped to the second spot, raising $9.7 million.

Another comedy, 21 & Over, opened in third place, with $9 million, ahead of The Last Exorcism Part II.  The horror sequel premiered in fourth place, with $8 million.

A few Oscar-winning films enjoyed a nice box office bump.  Argo saw a nearly 21 percent jump in ticket sales from the previous weekend, when it won the Academy Award for best picture.  Life of Pi, which claimed four Oscars, including best director for Ang Lee, had the biggest increase -- about 43 percent.

One more box office note: The Hobbit: An Unexpected Journey, the first of three Lord of the Rings prequels, has now made $1 billion worldwide.

Here are the top 10 movies from Friday through Sunday, with estimated ticket sales:

1. Jack the Giant Slayer, $28 million
2. Identity Thief, $9.7 million
3. 21 & Over, $9 million
4. The Last Exorcism Part II, $8 million
5. Snitch, $7.7 million
6. Escape From Planet Earth, $6.7 million
7. Safe Haven, $6.3 million
8. Silver Linings Playbook, $5.9 million
9. A Good Day to Die Hard, $4.5 million
10. Dark Skies, $3.6 million

Copyright 2013 ABC News Radio

ABC News Radio