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The Way of Water’ tops $2 billion at the global box office

admin by admin
January 23, 2023
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The Way of Water’ tops $2 billion at the global box office
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Avatar: Path of Water

Provided by: Disney Co., Ltd.

disney‘s Avatar: Path of Water surpassed $2 billion at the global box office, making it the third time a James Cameron film has reached this benchmark.

Only five films reach this standard: the original Avatar, Avengers: Endgame, Cameron’s Titanic, Star Wars: The Force Awakens, and Avengers: Infinity War. .

As of Sunday, “The Way of Water” has grossed $598 million in domestic ticket sales and $1.426 billion in international markets. The film is the sixth-highest-grossing film of all time, and may climb up the rankings as it continues to hit theaters.

Comscore Senior Media Analyst Paul Dargarabedian said, “The film almost looks effortless as it joins that highly exclusive box office club.

Box office sales struggled to recover in the wake of the pandemic as audiences shifted to more home viewing and fewer films were shown on the big screen. Movies like Water prove that moviegoers are eager to return for blockbuster spectacle. pay with imax Or a large format screen that often comes with a higher price tag.

‘The Way of Water’ had a more modest showing in China than expected, as a result of a spike in Covid numbers and hospitalizations due to the virus, which generated strong ticket sales from France, Germany and South Korea. rice field.

Achieving $2 billion bodes well for the Avatar franchise, which has three more installments planned over the next five years. It has also achieved the goals set by Director Cameron.

“Following the trajectory of Cameron’s career as a ‘King of the Box Office’, the legitimacy of completing the director’s vision of the world of Pandora is now undeniably assured, and the stamp of approval from the adoring fans around him. It is not surprising that we have been given the Earth,’ said Dargarabedian.

The film’s production budget is unknown, but is estimated at between $250 million and $350 million, excluding marketing costs.

‘Waterway’ continues to generate steady box office revenue as it has no direct theatrical competition until mid-February, when another Disney production, Marvel Studios’ ‘Ant-Man and the Wasp: Quantumania’, opens must.

Correction: This article has been updated to reflect that “The Way of Water” is the third James Cameron film to reach $2 billion at the global box office.

Tags: billionboxBulletin: BusinessBusiness newsentertainmentglobalIMAX companyJobslifemovieOfficetopswalt disney companywater
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