The latest Halloween film is on track to become the highest-earning film in the entire 40-year old franchise just after its opening weekend.

According to estimates by industry analysts, the 11th entry of the iconic slasher series is projected to earn around $70 million at the domestic box office this coming weekend with an additional $30 million estimated from foreign markets bringing its global opening weekend total to $100 million.

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Currently boasting a strong 86% score on review aggregate site Rotten Tomatoes, the film has been regarded by critics as the best installment in the longrunning horror series since the original 1978 film.

The previous franchise-best box office was held by filmmaker Rob Zombie's 2007 reboot of the franchise which earned $80.2 million worldwide during its entire theatrical run.

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With a reported production budget of $10 million, the new Halloween is already looking to be profitable less than a week into its wide release making plans for a potential sequel a virtual guarantee.

Debuting on October 19, the latest Halloween is directed by David Gordon Green from a script written with Danny McBride and Jeff Fradley. The film stars Jamie Lee Curtis, Judy Greer, and Andi Matichak with Nick Castle and James Jude Courtney sharing the role of masked killer Michael Myers. The film is executive produced and scored by original filmmaker John Carpenter.

(via Deadline)