'The Bling Ring' earns $2 million during opening weekend

Sofia Coppola's movie about celebrity-obsessed teenagers "The Bling Ring" opened earning $2 million during the film's opening weekend, according to Box Office Mojo.

The film, which tells the true story of a group of teenagers from California who broke into the homes of celebrities including Paris Hilton, Lindsay Lohan, Rachel Bilson, Megan Fox and Orlando Bloom to steal clothing, jewelry and cash, is based on the Vanity Fair article "The Suspects Wore Louboutins" written by Nancy Jo Sales in March of 2010.

Emma Watson, of "Harry Potter" fame, led the cast of mostly newcomers who starred in the film and is probably, at least in part, responsible for the movie's box office succes due to the much publicized racy outfits and scenes she reportedly had in the movie. Of playing Nicky in the film, Wason said, "the character is everything I felt really strongly against -- she's superficial, materialistic, vain, amoral."

"She’s all of these things and I realized that I hated her. How do you play someone you hate?" Watson said in GQ's May issue. "But I found it really interesting and it gave me a whole new insight into what my job or my role as an actress could be."

Even though the film's $2 million earnings might not seem like a lot, the fact that it was only playing in 650 theaters means that it had a total gross revenue of 85.4 percent. Not bad for a 90-minute film based on a magazine article.