January 31, 2023

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‘Avatar: Waterway’ hit $1 billion overseas, $1.5 billion worldwide

2 min read

James Cameron’s ambitious blockbuster “Avatar: The Way of Water” cruised to $1.025 billion at the international box office and $1.4 billion worldwide, making it the 12th biggest film in history.

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

But ideally, the mega-budget “The Way of Water” would eventually rank among the top five movies of all time, each earning at least $2 billion. If “Avatar 2” manages to reach the $2 billion club, Cameron will account for three of the six highest-grossing movies in history, including “Avatar” ($2.9 billion), the biggest movie of all time, and “Titanic” ($2.2 billion). The rest of the list is made up 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 drop “Top Gun: Maverick” on Wednesday. Beyond Tom Cruise’s latest tentpole, “The Way of Water” will rank as the highest-grossing film released in 2022, as well as the second-biggest worldwide release of the Pandemic era behind “Spider-Man: No Way Home” ($1.9 billion).

It is the first film since “No Way Home” (and the only film released in 2022) to top $1 billion at the international box office. It currently stands as the ninth-highest-grossing foreign release of all time, behind “The Fate of the Furious” ($1.01 billion) and “Jurassic World” ($1.018 billion). In individual markets, “The Way of Water” followed in China ($165.5 million), France ($95 million), Korea ($77.2 million) and Germany ($73.4 million).

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

Disney, which owns the rights to “Avatar” after acquiring 20th Century Fox in 2019, spent about $350 million to make “The Way of Water” and at least $100 million to market the film. With these staggeringly high price tags, analysts estimate that the profit threshold is just under $1.5 billion, meaning the sci-fi sequel has officially reached 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 as the number one studio at the domestic, international and global box office with $2 billion in North America, $2.9 billion overseas and $4.9 billion worldwide. In 2022. The studio ranked as the top grosser in terms of worldwide ticket sales for the seventh year in a row.

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