Transformers starts with $16 million from Midnight shows
The film, starring Shia LaBeouf and Megan Fox and directed by Michael Bay, is only runner-up to "Dark Knight," which debuted on a Friday with $18.5 million.
"Transformers" was shown at 3,000 theaters at 12:01 a.m. this morning and will expand to 4,226 total.
"Harry Potter and the Order of the Phoenix" posted the previous Wednesday opening high with $12 million in July 2007.
Look for more box office updates as they break on HitFix.