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No Way Home’ could be the first billion-dollar movie of 2021

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Tom Holland plays Peter Parker in Marvel’s “Spider-Man: There’s No Way Home.”

Disney

Already, “Spider-Man: There is No Way Home” was released. smashed domestic box office records, and it is now out to tackle a feat no other film has managed in nearly two years — reaching $1 billion in worldwide ticket sales.

It was in cinemas for less than a week before it went on sale. MarvelThe Cinematic Universe film grossed $751.3 million in total worldwide. It was the third highest grossing movie of 2021. Sony reported Tuesday.

The Battle of Lake Changjin, a Chinese film that debuted in November and has collected $904.9 millions worldwide, currently ranks as the top-grossing movie of 2018. According to Comscore data. The No. 1 Chinese film is “Hi, Mom,” which was released in February. 2. With $900.4 Million in worldwide ticket sales.

Paul Dergarabedian is a senior media analyst with Comscore. He stated, “I wouldn’t put my money against Spider-Man” 

Once you have secured your account, more than $600 million worldwide over its opening weekendOn Monday and Tuesday, the film “No Way Home,” which generated over $150 million worldwide, continued to be a strong seller. The trend looks set to continue heading into weekend.

According to estimates, the movie will bring in 50%- 70% of its initial haul over the weekend. This would push No Way Home past $1 billion.

It will most likely earn it the week after if the film does not surpass this figure. The eight days between Christmas Eve Eve and New Year’s Eve are the most profitable times of year for the film industry. According to Comscore data, this stretch usually accounts for 4.5% in box office receipts.

“Exceeding $1 Billion [in 2021]It is obvious that this conclusion will be reached at all times, except for any sudden pandemic event,” Shawn Robbins said, BoxOffice.com chief analyst. It’s remarkable considering that some people doubted the industry would see such a strong performance in the midst of the global struggle with Covid variants and vaccine distribution.

Dergarabedian warns that there will be an increase in cases of coronavirus. omicron fears could temper the film’s ticket salesParticularly in the event that cinemas are shut down again.

Quebec’s cinemas were closed Monday in Quebec. However, it is unlikely that similar moves would be made in the United States, where the demand for locking downs and mask mandates are less prevalent.

Dergarabedian explained that “this film is apparently impervious to any marketplace forces, and operates in its very own multiverse where there is no rulebook.”

People flocked to the theaters to watch “No Way Home,” before any spoilers could have been leaked online. They are now returning to the theaters for repeated viewings. This is a regular occurrence in MCU movies.

Jeff Bock from Exhibitor Relations, senior analyst said that one billion dollars was an achievement that was being taken for granted prior to the pandemic. Cinema fans should celebrate this achievement, since many people believed that $1 billion would not be achievable in today’s age.

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