'Saw 3D' Tops Weekend Box Office

Lions Gate Entertainment's final installment in the <I>Saw</I> franchise was No. 1 at the box office this weekend, with a total gross of $24.2 million.
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LOS ANGELES -- (

TheStreet

) --

Lions Gate Entertainment's

(LGF)

Saw 3D

was No. 1 at the box office this weekend.

The final installment in the gruesome saga of psychokiller Jigsaw had a total gross of $24.2 million on its opening weekend, according to industry estimates tallied by Box Office Mojo.

That performance was better than

Saw VI

, which grossed about $14 million on its debut weekend last year, the

Associated Press

noted.

"Last year, a lot of people said, 'OK, that's it. Put a fork in it, it's done,'" said David Spitz, head of distribution for Lionsgate, who was quoted by the

AP

. "The following week, we were all disappointed and thought, what can we do to reinvigorate the franchise? So we shot the movie in 3-D and said this is the final chapter."

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Paramount's

Paranormal Activity 2

came in No. 2, with a gross of $16.5 million in its second weekend. But its opening weekend gross of $40.7 million was better than

Saw 3D's

.

Shares of Lions Gate Entertainment finished Friday down 5 cents at $7.23.

This article was written by a staff member of TheStreet.