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Weekend Box Office Estimates (Feb. 26-28, 2010): Shutter Island #1 ($22.2M), Cop Out #2 ($18.6), The Crazies #3 ($16.5M) + Avatar passes $700M ($14.0M / $706.9M cume)

Update: Click here to see the the final actual numbers for the weekend.

Original article follows below.

After a strong opening last weekend, Martin Scorsese’s Shutter Island was down less than 46% this weekend and managed to hold off two newcomers for a solid estimated $22.2 million (est. $75.076 million domestic cume). The film grossed an estimated $6.68M on Friday, grew an impressive 55% on Saturday to an estimated $10.363M and Warner Brothers is projecting a Sunday take of $5.157 million.

In the battle of openers, the Kevin Smith-directed R-rated buddy cop comedy Cop Out starring Bruce Willis and Tracy Morgan grossed an estimated $18.565 million, holding off Breck Eisner’s horror remake The Crazies ($16.521 million).   Cop Out — which marks the first film Kevin Smith has directed that he also didn’t write — is the biggest opening (single day and weekend) in Kevin Smith’s career as a director. Both films had identical Friday estimates ($5.98M), but Cop Out pulled ahead with a stronger Saturday (est. $7.76M vs. an estimated $6.35M for The Crazies).  Cop Out is projected to have a stronger Sunday ($4.825M) than The Crazies ($4.191M).

The other big news this weekend is that Avatar broke $700 million.  Now in its 11th weekend of release (top 5 in each weekend), the James Cameron-directed sci-fi 3D epic continues to live up to its billing, grossing an estimated $14.0 million (down less than 14%) which brings its 73-day domestic cume to $706.904 million.  Avatar broke $700 million on Saturday (its 72nd day).  Worldwide figures haven’t been updated yet, but at the moment Avatar is sitting just shy of $2.5B at $2.482 billion ($1.775B of which comes from overseas grosses). Head on over the jump for the weekend chart.

Weekend Chart for February 26 – February 28, 2010 (studio estimates): [Update: Click here to see the the final actual numbers for the weekend.]

1 Shutter Island $22,200,000 -45.9% 3,003 +12 $75,076,000
2 Cop Out $18,565,000 NEW 3,150 $18,565,000
3 The Crazies $16,521,000 NEW 2,476 $16,521,000
4 Avatar $14,000,000 -13.8% 2,456 -125 $706,904,000
5 ‘Percy Jackson’ $9,800,000 -35.8% 3,302 -94 $71,214,000
6 Valentine’s Day $9,505,000 -43.0% 3,578 -87 $100,358,000
7 Dear John $5,000,000 -29.9% 3,006 -56 $72,624,000
8 The Wolfman $4,123,000 -58.3% 3,043 -180 $57,244,000
9 The Tooth Fairy $3,450,000 -20.8% 2,249 -274 $53,866,000
10 Crazy Heart $2,540,000 -14.3% 1,148 +59 $25,087,000

Source: Box Office Mojo