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'SpongeBob' Rides Box Office Wave To The Top; 'Jupiter Ascending' And 'Seventh Son' Sink

We knew going into the weekend that SpongeBob was the heavy favorite to win the box office … we just didn't realize it would be by this much.

Paramount's (a subsidiary of Viacom (VIA) (VIAB)) The SpongeBob Movie: Sponge Out Of Water was estimated to make around $35 million, just a few million shy of what the original SpongeBob movie did back in 2004. Yet Nickelodeon's famed inhabitant of a pineapple under the sea defied all expectation and soaked up over $55 million.

As a result SpongeBob's sequel will now hold the second best opening for an February animated release behind The Lego Movie (which incidentally opened in this very same timeframe last year) and the fifth best opening for the month of all time.

Meanwhile previous box office leader Warner Brothers' (a subsidiary of Time Warner (TWX)) American Sniper added another $23 million to its haul which now… Read More …