Thought to be the first official movie sequel, that is, a film with the same actors reprising roles form an earlier picture (What Price Glory (1926)). This also had the same director and writers as it's progenitor.
According to Variety, the film beat every known gross for any box office attraction throughout the world with a reported first week gross of $173,391 at the Roxy in New York in the week to August 9, 1929. It grossed another record $173,667 in its second week.