The Way of Water’ topped $2 billion at the global box office
Avatar: The Path of Water
Courtesy: Disney Co.
Disney“Avatar: The Way of Water” has surpassed $2 billion at the global box office, marking James Cameron’s second film to reach this benchmark.
Only five other films have beaten this metric – the original “Avatar,” “Avengers: Endgame,” “Titanic,” “Star Wars: The Force Awakens” and “Avengers: Infinity War.”
As of Sunday, “The Way of Water” had raised $598 million from domestic ticket sales and $1.426 billion from foreign markets. The film is the sixth highest grossing film of all time and is likely to move up in the ratings as its theatrical run continues.
“The film has now joined that exclusive box office club and has looked almost effortless,” said Paul Dergarabedian, senior media analyst at Comscore.
The box office is struggling to recover after the pandemic, as audiences moved to watch more at home and fewer films hit the big screen. As the industry goes back, movies like “The Way of Water” have proven that moviegoers are eager to return for big big scenes. And many are willing to pay for premium shows like IMAX or large format screens that often come with a higher price tag.
While “The Way of Water” has had a softer-than-expected showing in China, due to a spike in Covid numbers and hospitalizations due to the virus, it has generated strong ticket sales from France, Germany and Korea.
Reaching the $2 billion mark is a good sign for the Avatar franchise, which has three more installments scheduled for release over the next five years. It also meets the goal set by Cameron, who previously said the film would have to be the third or fourth highest grossing film in history just to break even.
“In keeping with Cameron’s ‘king of the box office’ career, it should come as no surprise that the justification for ending the director’s vision for the world of Pandora is now definitely proven and approved by enthusiastic fans around. the world,” said Dergarabedian.
It is not clear what the film’s production budget was, although estimates range from $250 million to $350 million, not including marketing costs.
“The Way of Water” should continue to generate consistent box office receipts as it has no direct competition in theaters until mid-February when “Ant-Man and the Wasp: Quantumania” opens released at Marvel Studios.