M. Night Shymalan's critically trashed "The Last Airbender" had a strong start on Thursday grossing $16 million at the box office.  Unfortunately, that wasn't enough to slow down "The Twilight Saga: Eclipse" which grossed another $24.3 million for an impressive $92.8 million in just two days. 

"Airbender," which is rumored to have cost around $140 million (with some reports higher) is looking at anywhere from $45-55 million through Monday for a four-day holiday weekend.

"Eclipse's" chances at breaking "The Dark Knight's" five-day record of $203 million will be clearer after its Friday box office.  At this point, the third installment in the "Twilight" franchise could gross between $180-200 million over the period.

Still chugging along with strong midweek numbers was "Toy Story 3" with $8 million. The Pixar blockbuster has already made $259 million in just two weeks. It should easily surpass "Finding Nemo's" $339 million cume as the highest grossing Pixar movie of all time sometime this month.

Look for continuing holiday box office updates throughout the weekend on HitFix.

With over a decade of experience in the movie industry, Ellwood survived working for two major studios and has written for Variety, MSN and the LA Times. A co-founder of HitFix, Ellwood spends his time relaxing hitting 3’s on the basketball court and following his beloved Clippers.