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"High School Musical 3" tops box office list

The third installment of Disney's "High School Musical" premiered Friday made an estimated $82 million around the globe.

In a review in the Los Angeles Times the reporter says, "The "HSM" series has always been playful and high-spirited, with a refreshing emphasis on collective action and the importance of group effort over the individual, and there's nothing in "High School Musical 3: Senior Year" to upset the formula."

The movie brought in $42 million dollars in North America alone, according to the New York Times.

The earnings this weekend made HSM 3 one of the most profitable films of the decade, good news for Disney as it tries to navigate the buzz saw of a global economic downturn, according to the New York Times.

“High School Musical 3? cost an estimated $13 million to produce, a tiny budget considering that the average studio production costs $70.8 million, according to the Motion Picture Association of America (New York Times).

“People really seem to want to get out and have some fun that is relatively affordable,? Mark Zoradi, president of Walt Disney Motion Pictures Group, told the New York Times in an interview.