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No Way Home ‘topped $1 billion at global box office


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 a pandemic era – peaking at $1 billion at the global box office.

The production cooperation between Sony and Disney is now the first film to pass this benchmark during the pandemic and has also earned the title of highest grossing film of 2021. The last release to surpass $1 billion was “Star Wars: The Rise” of Skywalker” in 2019, according to data from Comscore.

The latest film from the Marvel Cinematic Universe hit $1.05 billion at the global box office over Christmas weekend, beating out “The Battle of Lake Changjin,” a Chinese film released in November. has grossed $904.9 million worldwide.

“‘Spider-Man: No Way Home’ ‘sprinted to $1 billion amid the still-challenged market,’ said Paul Dergarabedian, senior communications analyst at Comscore. incredible,” said Paul Dergarabedian, senior media analyst at Comscore. “It demonstrates the power of a great movie in drawing fans around the world to enjoy a shared experience and community that only cinema can offer.”

Audiences flocked to theaters last weekend to see “No Way Home” before potential spoilers could leak online. Now, they’re returning to repeat views, a common occurrence for MCU movies.

Domestically, “No Way Home” is expected to gross about $81.5 million in its second weekend, down 69% from its debut. Most MCU movies drop between 50% and 70% between their first to second weekend.

“The partnership between these two Hollywood entities is clearly one of huge benefits for both,” BoxOffice.com chief analyst Shawn Robbins said of Sony and Disney.

The two companies brokered a deal that would allow Sony-owned Spider-Man to appear in the Marvel cinematic universe. The deal not only means that Marvel will be involved in Spider-Man solo projects, Sponsored by Sony, but the character may appear in other Marvel movies.

Tom Holland, who presents the latest iteration of Peter Parker, has now appeared in six films of the Marvel Cinematic Universe, including three solo films. Disney and Sony renegotiate the deal in 2019 to split production costs and box office revenue.

According to Comscore data, 2017’s “Spider-Man: Homecoming” generated the second-highest box office revenue of any Spider-Man film released in theaters with a worldwide cume of $880.4 million. world, according to Comscore data. Then, 2019’s “Spider-Man: Far From Home” became the highest-grossing Spidey film and the first to hit $1 billion, with $1.132 billion in global ticket sales.

“The symbiosis they’ve formed could reap rewards for a long time to come, and with characters beyond just Spider-Man, if it continues to evolve creatively,” Robbins said. “The results over the past few years have shown it is in everyone’s best interest to have such a partnership lasting and perhaps even inspire other tagging groups across the industry.”

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