Walt Disney World Tickets Disney Co.’s The Way of Water Avatar have reached the $1.52 billion mark, making it the highest-grossing film released in 2022.
According to Disney estimates, the sci-fi movie, directed by James Cameron generated $33.8 million worldwide in sales on Wednesday.
The result puts the film ahead of Paramount Global’s Maverick, Top Gun the Tom Cruise-action picture which has generated close to $1.49 billion in ticket sales since its May debut. This includes a December re-release that lasted two weeks in theaters. Maverick got less than half of its sales from overseas — and never opened in China — whereas the Avatar Internationally, sequel scored 69% China One company alone produced $169 million.
The Way of Water’s haul goes some length to vindicating Burbank, California-based Disney’s vision for the Avatar franchise, which includes sequels every two years through 2028. Disney purchased the Avatar rights in 20th Century as part its $71 billion acquisition. FoxIn 2019.
Cameron’s original AvatarWith $2.9 billion in worldwide sales, ‘The Last of Us’ is the highest-grossing movie ever made. It was released in 2009. This picture is a great example of how to do it. The Way of Water The film started strong, but not very well. It gained momentum over the next few weeks. Over four weekdays between Christmas and New Year’s, the film took in around $300 million, more than most pictures generate in a year.
Kevin Near, an analyst from Bloomberg Intelligence, stated that the slowing economy and three-hour-plus duration of the film have prevented many people seeing it after Dec. 16, its release.
“I really suspect there is a large lump of consumers out there who were just trying to make it to Christmas before taking their family out to go see it,” he said.
The test now is whether The Way of Water This can help to continue to generate sales, with students returning to school and consumers returning to work. According to Barton Crockett of Rosenblatt Securities, the film is able to benefit from a limited movie release schedule. This should ensure that the movie is profitable for Disney, despite its modest box office results. high production costs.
“My bet is that the movie can make money at this point,” Crockett said.
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