‘Spider-Man: No Way Home’ is poised to be the sole billion-dollar film of 2021

Spider Man No Way Home is poised to be the sole billion dollar film of 2021

“Spider-Man: No Way Home” has already smashed domestic box office records, and it is presently out to handle an accomplishment no other film has managed in almost two years — coming to $1 billion in worldwide ticket sales.

In under seven days in theaters, the Marvel Cinematic Universe flick bested $751.3 million around the world, making it the third-highest-grossing film of 2021, Sony detailed Tuesday.

As of now, the highest-grossing film of the year is “The Battle of Lake Changjin,” a Chinese film released in November that has earned $904.9 million around the world, as indicated by Comscore information. One more Chinese film, “Hi, Mom,” which appeared in February, is No. 2 with $900.4 million in worldwide ticket sales.

“I wouldn’t bet against Spider-Man and his ability to climb into the $1 billion box office club,” said Paul Dergarabedian, senior media analyst at Comscore.

After getting more than $600 million worldwide over its opening weekend, “No Way Home” kept on counting strong ticket sales on Monday and Tuesday, creating more than $150 million at the global box office. Heading into the weekend, this trend is relied upon to proceed.

Estimates propose that the film will take in between 50% and 70% of its opening take this forthcoming weekend, which would handily push “No Way Home” past the $1 billion mark.

Assuming the film doesn’t outperform that figure this weekend, it will probably gather it at some point during the next week. Every year, the eight-day span between Christmas Eve and New Year’s Eve is one of the most worthwhile periods for the movie industry. This stretch normally represents 4.5% of the full-year box office receipts, as indicated by information from Comscore.

“Exceeding $1 billion [in 2021] is a foregone conclusion at this point, barring any drastic turn of pandemic events,” said Shawn Robbins, chief analyst at BoxOffice.com. “Considering how recently some doubted that the industry could see a performance on this scale anytime soon as the world grapples with Covid variants, vaccine distribution, and an assortment of market restrictions, it’s a remarkable achievement.”

Dergarabedian additionally warned that a surge in Covid cases and omicron fears could treat the film’s ticket sales, particularly in case of a re-visitation of cinema closures.

On Monday, Quebec shut cinemas across the region, however, it’s far-fetched a comparable move would happen in the U.S. where there is less of an appetite for mask mandates and surprisingly less for lockdowns.

“That said, this is a film that is seemingly impervious to all marketplace forces and operates in its own multiverse where the rulebook doesn’t apply,” Dergarabedian said.

Audiences rushed to theaters last weekend to get “No Way Home” before potential spoilers could be released online. Presently, they are returning for repeat viewings, a typical event for MCU films.

“One billion dollars is a milestone that was starting to be taken for granted pre-pandemic,” said Jeff Bock, senior analyst at Exhibitor Relations. “This should be celebrated far and wide by cinema fans, as many believed the $1 billion milestones just wouldn’t be possible in this day and age.”