Categories: Movie

‘Spider-Man: No Way Home’ is poised to be the sole billion-dollar film of 2021

Share

“Spider-Man: No Way Home” has already smashed domestic box office records, and it is presently out to handle an accomplishment no other film has managed in almost two years — coming to $1 billion in worldwide ticket sales.

In under seven days in theaters, the Marvel Cinematic Universe flick bested $751.3 million around the world, making it the third-highest-grossing film of 2021, Sony detailed Tuesday.

As of now, the highest-grossing film of the year is “The Battle of Lake Changjin,” a Chinese film released in November that has earned $904.9 million around the world, as indicated by Comscore information. One more Chinese film, “Hi, Mom,” which appeared in February, is No. 2 with $900.4 million in worldwide ticket sales.

“I wouldn’t bet against Spider-Man and his ability to climb into the $1 billion box office club,” said Paul Dergarabedian, senior media analyst at Comscore.

After getting more than $600 million worldwide over its opening weekend, “No Way Home” kept on counting strong ticket sales on Monday and Tuesday, creating more than $150 million at the global box office. Heading into the weekend, this trend is relied upon to proceed.

Estimates propose that the film will take in between 50% and 70% of its opening take this forthcoming weekend, which would handily push “No Way Home” past the $1 billion mark.

Assuming the film doesn’t outperform that figure this weekend, it will probably gather it at some point during the next week. Every year, the eight-day span between Christmas Eve and New Year’s Eve is one of the most worthwhile periods for the movie industry. This stretch normally represents 4.5% of the full-year box office receipts, as indicated by information from Comscore.

“Exceeding $1 billion [in 2021] is a foregone conclusion at this point, barring any drastic turn of pandemic events,” said Shawn Robbins, chief analyst at BoxOffice.com. “Considering how recently some doubted that the industry could see a performance on this scale anytime soon as the world grapples with Covid variants, vaccine distribution, and an assortment of market restrictions, it’s a remarkable achievement.”

Dergarabedian additionally warned that a surge in Covid cases and omicron fears could treat the film’s ticket sales, particularly in case of a re-visitation of cinema closures.

On Monday, Quebec shut cinemas across the region, however, it’s far-fetched a comparable move would happen in the U.S. where there is less of an appetite for mask mandates and surprisingly less for lockdowns.

“That said, this is a film that is seemingly impervious to all marketplace forces and operates in its own multiverse where the rulebook doesn’t apply,” Dergarabedian said.

Audiences rushed to theaters last weekend to get “No Way Home” before potential spoilers could be released online. Presently, they are returning for repeat viewings, a typical event for MCU films.

“One billion dollars is a milestone that was starting to be taken for granted pre-pandemic,” said Jeff Bock, senior analyst at Exhibitor Relations. “This should be celebrated far and wide by cinema fans, as many believed the $1 billion milestones just wouldn’t be possible in this day and age.”

Raeesa Sayyad

Recent Posts

Mediaforum Digital – Transforming Brands, Where Creativity Meets Strategy

In today’s rapidly evolving digital age, businesses are finding it essential to harness the immense… Read More

7 hours ago

Indian Student Representative Aman Agrawal Shines at World Food Forum

Aman Agrawal showcased his commitment to shaping the future of agriculture and made his presence… Read More

7 hours ago

The All Star Influencers Award (ASIA): Bridging Cultures Through Creativity and Influence

New Delhi [India] November 5: The All Star Influencers Award (ASIA) is a watershed moment… Read More

8 hours ago

Top 15 Daily Marketing Strategies for Retail Stores to Market Your Brand

Retail includes hundreds of product markets and thousands of businesses competing for a transaction. How… Read More

8 hours ago

Tips for Writing Compelling Messages to Drive Action

Creating engaging messages that drive action has never been more important in a society where… Read More

10 hours ago

How Market Research Can Benefit Small Businesses

Market research isn't just for the major players. We have some tips for how small… Read More

12 hours ago