Tom Holland stars as Peter Parker in Marvel’s “Spider-Man: No Way Home.”
Disney
“Spider-Man: No Way Home” has already smashed domestic box office records, and it’s now out to sort out a feat no different movie has managed in almost two years — reaching $1 billion in worldwide ticket gross sales.
In lower than every week in theaters, the latest Marvel Cinematic Universe flick topped $751.3 million worldwide, making it the third-highest grossing movie of 2021, Sony reported Tuesday.
At current, the highest-grossing movie of the yr is “The Battle of Lake Changjin,” a Chinese movie launched in November that has garnered $904.9 million worldwide, in accordance to Comscore knowledge. Another Chinese movie, “Hi, Mom,” which debuted in February, is the second-highest with $832.9 million in international ticket gross sales.
“I would not wager in opposition to Spider-Man and his capability to climb into the $1 billion field workplace membership,” mentioned Paul Dergarabedian, senior media analyst at Comscore.
After securing more than $600 million worldwide over its opening weekend, “No Way Home” has continued to tally sturdy ticket gross sales on Monday and Tuesday, producing greater than $150 million at the international field workplace. Heading into the weekend, this development is predicted to proceed.
Estimates counsel that the movie will soak up between 50% and 70% of its opening haul this upcoming weekend, which can simply lead “No Way Home” previous the $1 billion mark.
If the movie does not surpass that determine this weekend, it’s going to seemingly acquire it someday throughout the following week. Each yr, the eight-day span between Christmas Eve and New Year’s Eve is one of the most profitable intervals in the movie theater trade. This stretch usually accounts for 4.5% of the full yr field workplace receipts, in accordance to knowledge from Comscore.
“Exceeding $1 billion is a foregone conclusion at this level, barring any drastic flip of pandemic occasions,” mentioned Shawn Robbins, chief analyst at BoxOffice.com. “Considering how just lately some doubted that the trade may see a efficiency on this scale anytime quickly as the world grapples with Covid variants, vaccine distribution, and an assortment of market restrictions, it is a outstanding achievement.”
Dergarabedian additionally warned {that a} surge in coronavirus circumstances and fears about the new omicron variant could temper the film’s ticket sales, particularly if any areas determine to shutdown movie theaters once more.
On Monday, Quebec shut down movie theaters throughout the province, nevertheless it’s unlikely {that a} comparable transfer would happen in the U.S. As the pandemic has worn on month after month, there was much less of an urge for food for masks mandates and even much less for lockdowns.
“That mentioned, it is a movie that’s seemingly impervious to all market forces and operates in its personal multiverse the place the rule ebook does not apply,” Dergarabedian mentioned.
Audiences flocked to theaters over the weekend to catch “No Way Home” earlier than potential spoilers may be leaked on-line. Now, they’re returning for repeat viewings, one thing that’s usually seen with Marvel’s films.
“$1 billion is a milestone that was beginning to be taken without any consideration pre-pandemic,” mentioned Jeff Bock, senior analyst at Exhibitor Relations. “This ought to be celebrated far and broad be cinema followers, as many believed the $1 billion milestone simply would not be doable on this day and age.”