Netflix appears to have its first No. 1 box-office title in the streaming company’s 18-year history thanks to the sensation of KPop Demon Hunters.

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Rival studios on Sunday (Aug. 24) estimated KPop Demon Hunters led all films over the weekend with $16-18 million in ticket sales. Distribution executives from three studios shared their estimates for the Netflix phenomenon on condition of anonymity because the streaming company has a policy of not reporting ticket sales.

Following a dominating few weeks as one of the most popular Netflix releases ever, the streamer put the film into 1,750 theaters for sing-along screenings Saturday and Sunday. Studios are able to accurately estim

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