The latest installment in the Fast and Furious franchise – Furious 7 – has now passed $1 billion worldwide at the box office, Variety.com is reporting.

“Furious 7″ ran laps around the competition, picking up $29.1 million in its third weekend of release, according to studio estimates.

The fast cars sequel with the gravity-defying stunts is barreling toward the $300 million mark Stateside, having already hurtled past the $1 billion mark globally. Domestically, “Furious 7″ has earned $294.4 million.

“This is how you build a record year,” said Paul Dergarabedian, senior media analyst at Rentrak. “These are summer-style numbers in April.”

Read the article “Furious 7 Passes $1 Billion at the Box Office” on variety.com.