Warner Bros.' "Happy Feet Two" likely to end up with $22 million

At estimates of $135 million to $145 million for the weekend, Summit’s “The Twilight Saga: Breaking Dawn — Part 1″ could potentially eclipse the “Twilight” franchise’s previous best three-day opening, “New Moon,” which bowed to $142.8 million.

Box office watchers expect the pic’s Friday gross, including $30.3 million from midnight screenings, to reach the $70 million range.

As of midday Friday, “Breaking Dawn” was tracking slightly below “New Moon,” which tallied $26.3 in midnight grosses in November 2009. But the penultimate “Twilight” pic may gain some steam, depending on the film’s repeat viewings by teen and tween auds opening weekend, bizzers say.

Warner Bros.’ “Happy Feet Two,” meanwhile, may earn more modest grosses than tracking had indicated. B.O. observers say the pic is likely to cume around $6 million-$7 million on Friday and up to $22 million for the weekend.

Fox Searchlight’s “The Descendants,” meanwhile, is expanding to 29 locations domestically and will likely earn close to $1 million during the three-day frame.

Relativity’s “Immortals” doesn’t seem to have a strong hold. Observers say the swords-and-sandals film looks to be down 60% to 65% as of Friday afternoon, putting it at $13 million this frame.

Other holdovers include Par/DreamWorks’ “Puss in Boots” and Sony’s “Jack and Jill.” Box office estimates have both pics earning $13 million to $14 million and around $11 million for the weekend, respectively.

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