Teenage Spider-Man Is a Giant Hit

Spider-Man: Homecoming opened with an estimated $117 million in North America, marking one of the summer's biggest debuts, per the AP. The better-than-expected result showed that moviegoers don't necessarily have franchise fatigue, if the new installment is good enough. The well-received Homecoming kicks off the third Spider-Man iteration in the last 15 years, and second reboot since 2014's The Amazing Spider-Man, with Andrew Garfield.

But Homecoming returned to Spider-Man's teenage roots, casting Tom Holland in the part. It also co-stars Michael Keaton as the villain Vulture and Robert Downey Jr. as Spider-Man's mentor, Iron Man. Last week's top film, Despicable Me 3, dropped to second with $34 million. The Edgar Wright action-musical Baby Driver held well in third with $12.8 million in its second week. (More box office stories.)