The weekend box office belongs to Disney's "Wizard of Oz" prequel, "Oz the Great and Powerful."
The film, which opened on Friday, March 8, grossed $80.3 million over the weekend, according to The Hollywood Reporter. The fantasy movie, which marks the third-best March opening of all time in North America, opened to an impressive $69.9 million overseas, making its global debut $150.2 million.
"Oz the Great and Powerful" is a prequel to "The Wizard of Oz," the 1939 classic starring Judy Garland. Directed by Sam Raimi, the new film reimagines the fantastical Land of Oz through the eyes of a young Wizard of Oz, played by James Franco. Rachel Weisz, whose part of Evanora is based on the Wicked Witch of the East from the original Frank L. Baum novel, plays one of his foes.
The film also features Mila Kunis, Michelle Williams, Zach Braff, Abigail Spencer and "Evil Dead" actor Bruce Campbell, who has often worked with Raimi.
In second place is Bryan Singer's 3D fantasy adventure "Jack the Giant Slayer," which earned a domestic total of $63 million, according to the outlet. The film opened on Friday, March 1, and fell 63 percent in its second weekend due to the large increase in competition.
The film features Nicholas Hoult, Stanley Tucci and Ewan MacGregor in the ancient war between humans and a race of giants. The war is reignited when Jack (Hoult), a young farmhand fighting for a kingdom and the love of a princess, opens a gateway between the two worlds.
In the third spot is the comedy crime film "Identity Thief," which earned $6.3 million over the weekend. The R-rated film has earned over $116.5 million domestically since its February 8 debut, according to the magazine.
There was some controversy with the film after New York Observer critic Rex Reed commented negatively on star Melissa McCarthy's weight. McCarthy's cousin Jenny McCarthy came to the comedian's defense earlier this week and said Reed could "go to hell."
In the No. 4 spot is the romantic thriller "Dead Man Down," which earned roughly $5.5 million in its debut week, according to the outlet. The film, which stars Colin Farrell, Terrence Howard and Dominic Cooper, follows a crime lord's right-hand man who is seduced by one of his boss's victims -- a woman seeking retribution.
The action thriller "Snitch," which stars Dwayne "The Rock" Johnson, nabbed the No. 5 spot with $5.1 million, according to the magazine. The film follows a father who goes undercover for the DEA in order to free his son who was imprisoned after being set up in drug deal.
Check out the trailer for "Oz the Great and Powerful" below. Also, check out interviews with Kunis and Franco.