Michael Jackson’s This Is It remained in first place for the eighth consecutive day on Wednesday. Sony’s concert documentary grossed $2.11 million for the day. That was down 72 percent from last Wednesday’s opening day performance and down a sizable 21 percent from Tuesday. However, nearly all films in wide release experienced significant daily declines from Tuesday’s grosses, which were inflated from Election Day. This Is It passed the $40 million mark yesterday and has grossed $41.69 million through eight days. That places the film 39 percent ahead of the pace of 2004’s Ray and $23.60 million away from matching the domestic performance of 2008’s Hannah Montana/Miley Cyrus: Best of Both Worlds Concert Tour.

Paramount’s Paranormal Activity held steady in second, but experienced a notable daily decline for the fourth consecutive day. The R-rated horror film grossed $0.90 million for the day, which was down 20 percent from Tuesday and down 38 percent from last Wednesday (when it was playing in 459 fewer locations). Paranormal Activity had a tremendous run throughout October, but is clearly slowing down quickly in the days after Halloween. The 41-day gross for Paranormal Activity stands at $87.85 million, placing it $12.15 million away from joining the $100 million club.

Law Abiding Citizen remained in third place with $0.73 million. That represented a 19 percent slide from Tuesday and a healthy 19 percent decrease from last Wednesday. The Overture release starring Jamie Foxx and Gerard Butler has grossed a better than expected $53.90 million through 20 days and is in good shape to experience another solid hold over the weekend.

Universal’s Couples Retreat was up one spot from Tuesday to finish in fourth with $0.59 million. The Vince Vaughn vehicle experienced one of the day’s better holds among wide releases as it was down 14 percent from Tuesday and down only 9 percent from last Wednesday. Couples Retreat has grossed $88.89 million through 27 days, placing it 17 percent behind the pace of 2006’s The Break-Up.

Where the Wild Things Are was down one spot to round out Wednesday’s top five with $0.51 million. The Spike Jonze directed film from Warner Bros. was down 29 percent from both Tuesday and last Wednesday. Where the Wild Things Are experienced a sharper daily decrease from Tuesday than films aimed at adults, but didn’t fall as harshly as either Astro Boy (down 47 percent) or Cloudy with a Chance of Meatballs (down 53 percent).

BOXOFFICE.com's predictions for the weekend can be read here.