Box Office: 'Oz: The Great and Powerful' lives up to its name

Sam Raimi's "Oz: The Great and Powerful," starring James Franco as the famed Wizard, easily took the No. 1 spot at this weekend's box office, raking in $80.3 million from 3,912 theaters. It also performed well overseas.

It's a bit of a relief for Disney, seeing as how last weekend, Warner Bros.' "Jack the Giant Slayer" -- also an adventurous tale set in a familiar storybook land -- disappointed at the box office. This week, "Jack" came in at No. 2 with only an estimated $10 million, bringing its total to $43.8 million.

In third place was Melissa McCarthy and Jason Bateman's "Identity Thief," which has made $116.5 million -- over three times its budget -- since opening, and is so far the biggest hit of 2012. The rest of the Top 10 is below.

Rank	TITLE	F-S-S	TOTAL
1	OZ: THE GREAT AND POWERFUL	$80,278,000	$80,278,000
2	JACK THE GIANT SLAYER	$10,020,000	$43,811,000
3	IDENTITY THIEF	$6,319,210	$116,530,095
4	DEAD MAN DOWN	$5,350,000	$5,350,000
5	SNITCH	$5,100,000	$31,855,127
6	21 & OVER	$5,056,000	$16,839,975
7	SAFE HAVEN	$3,800,000	$62,884,097
8	SILVER LININGS PLAYBOOK	$3,745,000	$120,749,342
9	ESCAPE FROM PLANET EARTH	$3,207,000	$47,832,182
10	THE LAST EXORCISM: PART II	$3,120,000	$12,082,599