Box Office: ‘The Hangover, Pt. II’ parties to a $10.4 million Midnight debut

The Wolfpack is back and America is ready to party.  “The Hangover, Pt. II” debuted to an impressive $10.4 million from midnight shows this morning.  The original “Hangover” only found $1 million from similar screenings in 2009.

This handily surpasses “Paranormal Activity 2’s” $6.3 million last fall, a recent benchmark for R-rated films.  More startling is that “The Hangover, Pt. II” more than doubled the takes of “Fast Five” ($3.8 million), “Thor” ($3.3 million) and “Pirates of the Caribbean: On Stranger Tides” ($4.7 million) and two of those three films had inflated 3D ticket prices.

Even with mixed reviews, “The Hangover, Pt. II” should find between $115-120 million over the five-day weekend.  The largest 5-day R-rated opening was “The Matrix Reloaded” which found $139.3 million a little over eight years ago.  Depending on word of mouth, however, “Hangover” could challenge “The Passion of the Christ’s” $125.1 million gross from 2004.

“Kung Fu Panda 2” is also debuting today and is expected to take in anywhere from $70-75 million domestically over the long weekend.

Look for continuous box office updates all holiday weekend on HitFix.