I'm reporting from the Arclight Hollywood, which even at 6:30 am on a Thursday morning was bustling with Indiana Jones fans (or should I say fanatics). Indiana Jones and the Kingdom of the Crystal Skull, from Viacom's (VIA) Paramount Pictures, opened Friday morning at 12:01 am, selling out the first showings. This weekend it'll be in 4,206 theaters in North America and 61 territories overseas (pretty much everywhere but Japan).

Even the 7 am Thursday show here at the Cinerama Dome was filled with more than 600 people. Needless to say, the movie is expected to be enormous. Its 5-day Memorial day weekend take has been projected at anywhere from $140 million to 175 million, and it could beat records set by Spiderman's opening weekend or the most recent Pirates of the Caribbean's Memorial Day take.

Simply put, Indy is expected to appeal to pretty much everyone except little kids. It's what they call a "four quadrant" movie here in Hollywood, the elusive film that will attract young and old, male and female.

Teenagers (the film's rated PG 13) will want to see Shia LeBoeuf the star of last summer's Transformers blockbuster, as Indy's young sidekick. And older audiences will have fond memories of Harrison Ford in the last Indy film, which was 19 years ago. Based on buzz, it seems like Indy should attract his old fans while building a new younger base.

Now to the number crunching: The first three Indiana Jones films grossed over $1.2 billion (according to Box Office Mojo, not adjusted for inflation). According to Portfolio Magazine, which has a look at Indy's numbers this latest Indiana Jones would have to bring in 527 million dollars worldwide to beat Raiders of the Lost Ark adjusted for inflation box office take.