A big box office milestone was reached by “Avatar: The Way of Water,” which sold more than $550 million worth of tickets worldwide. The $350 million movie still has to make money throughout its theatrical run in order to break even.
The sci-fi sequel to “Avatar” is fortunately doing well at the box office, which is fortunate for filmmaker James Cameron and Disney, who now own the rights to the film after purchasing 20th Century Fox in 2019. It joined the eight movies released this year that have grossed more than $500 million globally in only five days. Tentpole also plans to surpass $1 billion by the start of the new year.
An impressive $18.3 million locally and $40.5 million globally were contributed by “Avatar: The Way of Water” on Tuesday. It has already brought in $168.6 million locally and $387.3 million overseas, bringing its total worldwide revenue to $555.9 million.
The pandemic-related challenges, particularly at the overseas box office, will prevent “The Way of Water” from approaching the heights of its predecessor, which is the all-time highest-grossing movie. The first movie, which debuted in 2009, brought in an astounding $760 million in North America and $2.92 billion worldwide.
But the Christmas season ought to be enjoyable. It is anticipated that ticket sales for “Avatar: The Way of Water” would drop by 40% to 50% from its $134 million opening weekend, or anywhere between $67 million and $80 million. Additionally, it’s anticipated to continue bringing in sizable crowds the week before Christmas, which falls on Sunday. Three big films will debut on Friday, but none of them will be able to unseat “Avatar 2” as the number one domestic film, including director Damien Chazelle’s glitzy showbiz epic “Babylon,” Universal’s animated “Puss in Boots: The Last Wish,” and Sony’s Whitney Houston biopic “I Wanna Dance With Somebody.”
For “The Way of Water,” which lasts three hours and twelve minutes and follows the Sully family underwater as they struggle against the elements of Pandora to remain alive and protect one another, Sam Worthington, Zoe Saldaa, Stephen Lang, and Sigourney Weaver made a comeback. As Variety’s top film reviewer Owen Gleiberman said, “Cameron, a four-decade veteran of bravura action logistics, has lost none of his mojo,” the long-delayed picture received favourable reviews upon its release.