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No Way Home ‘surpasses $ 1 billion worldwide

Tom Holland and Benedict Cumberbatch play Peter Parker and Doctor Strange in Spider-Man: No Way Home.

Sony

Spider-Man: No Way Home has done what few thought was possible in the pandemic era – a record $ 1 billion at the box office.

The Sony and Disney co-production is now the first film to surpass this benchmark during the pandemic, and is also named the highest grossing film of 2021. The latest release to surpass $ 1 billion was the 2019 film Star Wars: Uprising. Skywalker “according to Comscore.

The latest movie, Marvel Cinematic Universe, grossed $ 1.05 billion worldwide over the Christmas weekend, surpassing the Chinese film Battle of Changjin Lake, released in November, which grossed $ 904.9 million worldwide.

“The Spider-Man: No Home sprint to $ 1 billion in the context of this market, which is still experiencing a pandemic, is nothing short of astounding,” said Paul Dergarabedian, senior media analyst at Comscore. “It demonstrates the power of a great film to attract fans around the world so that they can have a shared and shared experience that only a movie theater can provide.”

Over the weekend, viewers flocked to theaters to watch the movie “No Way Home” before potential spoilers could seep online. They are now coming back for re-views, which is common with MCU movies.

Domestically, “No Way Home” is expected to grow to $ 81.5 million over its second weekend, down 69% from its debut. In most movies, the MCU drops between 50% and 70% between the first and second weekend.

“The partnership between these two Hollywood organizations will undoubtedly bring tremendous benefits to both,” Sean Robbins, chief analyst at BoxOffice.com, said of Sony and Disney.

The two companies have struck a deal that would allow Sony-owned Spider-Man to enter the Marvel Cinematic Universe. The agreement not only meant that Marvel would be involved in Sony-sponsored Spider-Man solo projects, but that the character could appear in other Marvel films.

Tom Holland, who portrays the newest version of Peter Parker, has now appeared in six Marvel Cinematic Universe films, including three solo films. Disney and Sony renegotiated the deal in 2019 to separate operating costs and box office fees.

According to Comscore, the 2017 film Spider-Man: Homecoming was the second-highest grossing Spider-Man movie in theaters, with a worldwide circulation of $ 880.4 million. Then the 2019 film Spider-Man: Far From Home became the highest grossing spider film and the first to exceed $ 1 billion, with $ 1.132 billion in worldwide ticket sales.

“The symbiotic circle they form could reap the benefits over time, and with characters other than Spider-Man, if he continues to develop creatively,” Robbins said. “The results of the last few years have shown that such a partnership will be in the best interest of all and perhaps even inspire other development teams across the industry.”


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