Transformers: Dark of the Moon to gross $38 mn on first day

Director Michael Bay's latest movie Transformers: Dark of the Moon, which has hit the theatres on June 29, is expected to gross at least $38 million on its opening day. The collection of the move is very less when compared to Transformers: Revenge of the Fallen. But the 3D tentpole is still getting the best first-day earning of 2011.

Transformers: Revenge of the Fallen, which was released on 24th June 2009, had raked in $62 million on its opening day. Transformers: Dark of the Moon cannot break this record, but it is sure to beat the figures set by Pirates of the Caribbean: On Stranger Tides, which debuted to $34.8 million. Trade analysts think that the movie will definitely pick up as the July 4th holiday weekend gets underway.

However, Paramount Pictures is very happy with the performance of Transformers: Dark of the Moon because it is doing very well in 3D locations when compared to other 3D pics of this summer season. Revenge of the Fallen had grossed $200 million in the first five days of its release. Now, Paramount hopes that Transformers 3 will earn $155 million to $170 million through July 4th.