The movie took a whopping £16m in the UK, smashing the record previously held by Star Wars: Episode 1 - The Phantom Menace, which took £9.5m.

Children and adults flocked to cinemas across the country to see the first film based on JK Rowling's best-selling wizard books.

Daniel Radcliffe

It also broke all records in America, where it took £65m on the first three days.

The Philosopher's Stone cost filmmakers Warner Brothers around £90m to make, but it has earned almost that already in its first weekend.