Box Office

‘Avatar: The Way of Water’ Crosses $1 Billion Internationally, $1.48 Billion Globally

James Cameron’s ambitious blockbuster “Avatar: The Way of Water” has sailed to $1.025 billion at the international box office and $1.4 billion globally, making it the 12th-highest grossing movie in history.

In recent days, the big-budget aquatic sequel has passed “Avengers: Age of Ultron” ($1.403 billion) and “Frozen II” ($1.45 billion) in global ticket sales. It’s now aiming to crash spots eight through 11, which belong to “The Lion King” ($1.66 billion), “The Avengers” ($1.518 billion), “Furious 7” ($1.515 billion) and “Top Gun: Maverick” ($1.49 billion).

But ideally, the mega-budgeted “The Way of Water” will eventually land among the top five movies of all time, which have each grossed at least $2 billion. If “Avatar 2” manages to reach the $2 billion club, Cameron will be responsible for three of the six highest-grossing movies in history, including “Avatar” ($2.9 billion), which is still the biggest movie ever, and “Titanic” ($2.2 billion). The rest of the chart is comprised of “Avengers: Endgame” ($2.7 billion), “Star Wars: The Force Awakens” ($2.06 billion) and “Avengers: Infinity War” ($2.04 billion).

The second “Avatar” installment is expected to dethrone “Top Gun: Maverick” on Wednesday. By passing Tom Cruise’s latest tentpole, “The Way of Water will rank as the highest-grossing movie released in 2022, as well as the second-biggest global release of the pandemic era following “Spider-Man: No Way Home” ($1.9 billion).

It’s also the first movie since “No Way Home” (and only movie released in 2022) to top $1 billion at the international box office. It currently stands as the ninth-highest grossing overseas release ever, taking down “The Fate of the Furious” ($1.01 billion) and “Jurassic World” ($1.018 billion). In individual markets, “The Way of Water” has enjoyed the strongest turnout in China ($165.5 million), followed by France ($95 million), Korea ($77.2 million) and Germany ($73.4 million).

At the domestic box office, “The Way of Water” recently overtook “Black Panther: Wakanda Forever” ($440 million) as last year’s second-highest grossing release with $457 million.

Disney, which holds the rights to “Avatar” after acquiring 20th Century Fox in 2019, spent roughly $350 million to make “The Way of Water” and at least $100 million to market the film. With those staggeringly high price tags, analysts estimate the threshold to profitability is just under $1.5 billion, meaning the sci-fi sequel has officially hit its breakeven point. So, get ready for more visits to Pandora.

Thanks to “Avatar: The Way of Water” and several Marvel blockbusters, Disney ended the year with $2 billion in North America, $2.9 billion overseas and $4.9 billion worldwide to stand as the No. 1 studio at the domestic, international and global box office in 2022. It’s the seventh consecutive year the studio has ranked as the top-earner in terms of worldwide ticket sales.

VIP+ Analysis: ‘Avatar’ Schools Disney on Film Franchises

Articles You May Like

Egyptian Producer Mohamed Hefzy and Algerian Director Merzak Allouache to Receive Variety Awards at Red Sea Film Festival
Idles on Being Multi-Grammy Nominees: ‘We’re Grateful to Be Here, But to Need Validation From Awards Would Be Toxic’
Gay Danish Title ‘In Ashes,’ by Ludvig Christian Naested Poulsen, Picked Up by M-Appeal, Debuts Trailer (EXCLUSIVE)
Martha Luttrell, Veteran Talent Agent for Susan Sarandon and Sam Shepard, Dies at 80
‘Malcolm in the Middle’ Revival Set at Disney+ With Frankie Muniz, Bryan Cranston, Jane Kaczmarek Returning

Leave a Reply

Your email address will not be published. Required fields are marked *