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Walt Disney's  (DIS)  "Frozen 2" -- sequel to the 2013 Oscar-winning flick -- reportedly melted the box office with a $127 million debut.

That amount puts the film at the top of the box office. It also surpasses most analysts' expectations and the forecast by  Box Office Mojo that was predicting at the weekend's start that the Disney movie would take in $120 million in 4,440 U.S. theaters. Its global opening brought in a total $350.2 million.

"Frozen 2" made its debut in theaters on Friday.

The first "Frozen" movie that pulled in total box office revenue of about $1.3 billion was the highest-grossing animated movie of its time, although it was later topped by Disney's remake of "The Lion King." 

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Disney, which earlier this month launched its Disney+ streaming service, saw its share rise to $148.70 in after-hours trading on the New York Stock Exchange, after closing Friday at $148.29.

Joseph Woelfel contributed to this story.

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