'Karate Kid' kicks the competition on its way to No. 1

I was way off in choosing which of the two re-imagined 1980s titans would win in their box-office clash this weekend.

I picked The A-Team to be No. 1 and I was dead wrong. The Karate Kid earned an estimated $56 million, soundly thumping the Joe Carnahan (Smokin' Aces) action film. The A-Team made only $26 million in its opening according to Hollywood.com.

It appears as if Team underperformed some domestically considering its estimated $110 million production budget. Worldwide figures will determine if we'll be revisiting the 1980s in a sequel with Hannibal, B.A. and Face anytime soon.

The updated Karate Kid starring Will Smith's kid Jaden Smith and Jackie Chan, has already made significant earnings against its $40 million budget, with even more in the offing if it gets enough play worldwide.

Even though I wasn't a big fan of the show, I watched The A-Team this weekend and found it to be quite enjoyable.

From the Associated Press: Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Hollywood.com. Final figures will be released Monday.

1. "The Karate Kid," $56 million.

2. "The A-Team," $26 million.

3. "Shrek Forever After," $15.8 million.

4. "Get Him to the Greek," $10.1 million.

5. "Killers," $8.2 million.

6. "Prince of Persia: The Sands of Time," $6.6 million.

7. "Marmaduke," $6 million.

8. "Sex and the City 2," $5.5 million.

9. "Iron Man 2," $4.6 million.

10. "Splice," $2.9 million.