The summer movie season sure is summer-ing. After the blockbuster debuts of Disney’sLilo & Stitchremake and Paramount’sMission: Impossible - The Final Reckoninga couple of weeks ago, a major new movie entered the box office race this week. WithFrom the World of John Wick: Ballerina,Lionsgate is hoping for some much-needed respite following a disastrous year. The action spin-off starsAna de Armasin the lead role and is set between the events of the third and fourth films in the main franchise. It’saiming for an opening weekend haul of around $30 million.

Ballerinagrossed an estimated $11 million on its opening day, which includes the $3.5 million that it made in Thursday’s previews. The movie was initially projected to deliver an opening in the $35 million range, but estimates have been considerably lowered. This is surprising, consideringthe positive receptionthatBallerinareceived. The movieearned an admirable A- CinemaScorefrom opening day audiences, and is currently sitting at a remarkable 93% audience score onRotten Tomatoes. No John Wick movie since the second installment has opened with less than $30 million domestically.

From the World of John Wick: Ballerina

Ballerinawill likely claim the number two spot this weekend, withLilo & Stitchholding onto its box office crown for the third time in a row, despite its opening day win. Themovie is eyeing around $32 million, after grossing around $9 million on Friday.Lilo & Stitchhas had a tremendous run so far, and is expected to pass the $335 million mark at the domestic box office by Sunday, overtaking the likes ofJoker,Aquaman, andZootopia. Meanwhile,The Final Reckoningis set to grab the third spot with $4 million on Friday, anda projected third-weekend haul of under $15 million. This should take the film’s running domestic total towards the $150 million milestone.

Wes Anderson’s New Movie Broke Into the Top Five

The fourth spot went to Sony’sKarate Kid: Legends, which is eyeing a little under $10 million in its second weekend of release domestically. The movie has significantly underperformed andwill just about hit the $35 million mark by Sunday. The top five list was rounded out by directorWes Anderson’s latest film,The Phoenician Scheme. The movie expanded wide this week after a record debut in limited release seven days ago.The Phoenician Schemeis looking atjust under $6 million this weekend, which is lower than the $9 million that Anderson’sAsteroid Citymade in its wide expansion weekend a couple of years ago.

Stay tuned to Collider for more updates.