Box Office: 'Jack the Giant Slayer' opens weak but at No. 1

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Somehow it doesn't seem likely that a $7.7 million opening day is what director Bryan Singer dreamed of for "Jack the Giant Slayer." The movie reportedly had a production budget of $195 million, but is only expected to bring in around $25-$35 million in its opening weekend -- a solid take for an average movie, but not what is hoped for in a movie this size.

Considering the troubles "Jack" had before hitting theaters, this is not too surprising. He was a "Giant Killer" before Warner Bros. changed him to a "Giant Slayer" -- a more kid friendly title, assumedly -- and was originally slated to come out on June 15, 2012 before being bumped back to March 1, 2013. Its leading man, Nicholas Hoult, has some star power thanks to the recent "Warm Bodies" and being the ex-boyfriend of Jennifer Lawrence, but his latest movie is shaping up to be the year's first big budget flop.

Meanwhile, the R-rated teen comedy "21 & Over" came in second place on March 1 with $3.3 million, while "The Last Exorcism Part II" earned 3.25 million. "Identity Thief" is still holding strong after being released Feb. 8 to land in fourth place with $2.7 million, earning a total of $100 million to date. Last week's No. 1, "Snitch," dropped down to fifth place with $2.1 million, bringing its total up to $18.8 million.

Here are the Top 10 films at this weekend's box office:

1) Jack the Giant Slayer, $7,710,000
2) 21 and Over, 3,340,000
3) The Last Exorcism Part II, 3,250,000
4) Identity Thief, $2,700,000
5) Snitch, $2,100,000
6) Safe Haven, $2,020,000
7) Silver Linings Playbook, $1,560,000
8) Escape From Planet Earth, $1,297,000
9) A Good Day to Die Hard, $1,180,000
10) Dark Skies, $1,088,000

Photo/Video credit: Warner Bros.