The global box office for James Cameron’s “Avatar: The Way of Water” has surpassed the billion-dollar milestone, but slow sales in China may affect the movie’s final earnings.
The combined $317 million in domestic sales and $712 million from other markets bring the total global ticket sales for the Disney movie to $1.03 billion.
The milestone was reached 14 days following the release of “The Way of Water,” five days earlier than “Avatar” did in 2009. The movie now ranks among the top five fastest films to earn $1 billion at the box office.
For “The Way of Water” to be deemed lucrative, according to Cameron, box office receipts must reach $2 billion.
Box office experts think Cameron’s film may succeed in its ambitious ambition. Up until the debut of “Ant-Man and the Wasp: Quantumania” in mid-February, “The Way of Water” doesn’t have any direct or meaningful competition in theatres.
However, industry analysts are worried about the slow ticket sales coming from China. Due to Covid’s continued unrest in the area, the market has fallen short of expectations despite being projected to be a significant source of money for the sequel.
China has only been responsible for $108 million of the movie’s total ticket sales as of Tuesday. The first weekend of the movie alone was predicted to pull in $100 million for the nation.
Only a small number of Hollywood films have been given the coveted Chinese distribution this year, including “The Way of Water.” China has grown to be a major player in the worldwide theatre industry and is regarded as essential for blockbusters looking for high box office numbers.
However, China abruptly lifted numerous Covid regulations at the beginning of this month. The nation’s healthcare system is under strain due to an increase in infections. There are currently limited official statistics on recent infections and deaths, making it difficult to determine the scope of the Covid outbreaks that have affected the nation. After the required virus testing was discontinued, China’s National Health Commission on Sunday stopped publishing daily statistics.
Paul Dergarabedian, the senior media analyst at Comscore, stated that there were “great hopes” placed on the nation to provide the extra money required to help push the movie over the top in terms of the high global earnings forecasts set forth by director James Cameron.
Dergarabedian said that prior movies like “Titanic” and the original “Avatar” had extensive theatrical runs and claimed that Cameron’s conventional box office trajectory works in the movie’s favor.
He remarked, “Hopefully, the worrying health situation will improve with time.