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OTRC: 'Transformers: Dark of the Moon' wins Friday box office with $32.9 million

Shia LaBeouf appears in a still from 'Transformers: Dark of the Moon.' (Paramount Pictures)

The action flick "Transformers: Dark of the Moon" took the top spot on Friday at the box office and the family-friendly Pixar and Disney film, "Cars 2" held strong in the No. 2 position.

"Transformers: Dark of the Moon," which stars Shia LaBeouf and Victoria's Secret model Rosie Huntington-Whiteley, took in $32.9 million on Friday, according to The Hollywood Reporter. The movie had an estimated production budget of $195 million.

The industry paper estimates the Paramount Pictures film might go on to earn $180 million domestically and up to $350 million worldwide during the 4th of July weekend. "Dark of the Moon" is earning 60 percent of its grosses from 3D theaters. The previous installments, "Transformers" and "Transformers: Revenge of the Fallen" grossed $155.4 million and $200.1 million, respectively in their six-day debuts.

"Transformers: Dark of the Moon" depicts a fictional account of what happens when it is revealed that a Apollo 11 moon landing mission in 1969 had found a wrecked alien robot spacecraft with no survivors during a secret mission on the dark side of the moon, confirming that mankind is not alone in the universe.

The Tom Hanks and Julia Roberts romantic comedy "Larry Crowne" didn't meet box office expectations, grossing an estimated $4 million on Friday in theaters, landing behind "Transformers" and holdovers "Cars 2" and "Bad Teacher." In the No. 5 spot was Selena Gomez's "Monte Carlo," which grossed $3.1 million and is expected to earn up to $11 million for the long weekend.

Meanwhile, "Cars 2" nabbed second place on Friday, earning an estimated $7.9 million on Friday for a cume of $98.8 million for its first eight days.

"Bad Teacher" landed in third place, earning an estimated $4.3 million in its second Friday with a domestic cume of $49.9 million.

Check out the trailer for "Transformers: Dark of the Moon" below.

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