Venom 2: Ignites Box Office With Record $90 Million Opening

Venom 2: Ignites Box Office With Record $90M OpeningThe Sony sequel hit pre-pandemic levels to come in well ahead of the first ‘Venom,’ as well as helping to fuel the biggest weekend overall since the COVID-19 crisis struck in America.

 

In a major boost for theatrical, Venom: Let There Be Carnage opened to $90.1 million at the domestic box office, the biggest three-day launch of the pandemic era, fueling the biggest weekend overall since COVID-19 shut down theaters in March of 2020.

For the first time during the crisis, domestic box office revenues came in less than 15 percent behind the same weekend in 2019. On the same weekend two years ago, superhero sensation Joker opened to $96.2 million.

Venom 2, made by Sony in association with Marvel Studios, came in $25 million to $30 million ahead of expectations to become the first sequel of the pandemic era to clock in ahead of the first film in a particular series. Venom opened to $80.3 million in 2018.

 

Venom- Let There Be Carnage
The follow-up was released exclusively in cinemas versus going out simultaneously on premium VOD or a streaming service.

 

Cinemark, one of the country’s three largest chains, enjoyed its biggest October opening weekend in history, as well as its biggest October weekend overall. The chain reports that this could go down as the second-biggest October weekend of all time for the entire industry.

Black Widow was the previous record-holder for best three-day opening of the pandemic era with nearly $81 million.

Over Labor Day, Marvel and Disney’s Shang-Chi and the Legend of the Ten Rings set a new pandemic-era benchmark when opening to over 90 million over the four-day Labor Day frame. It earned $75.4 million over the first three days of that long weekend.

The Sony event picture kicks off a busy month that looks more like summer than a regular October as studios bank on consumers becoming more and more comfortable returning to theaters.

The surge at the box office is good news for the long-James Bond installment No Time to Die, which opens in the U.S. and Canada on October 8.

This weekend, the 25th Bond installment raced to a better-than-expected foreign launch of nearly $120 million, the best showing of the pandemic era without China.

Venom 2 also made headlines in its first foreign market — Russia — when opening to $13.8 million. It is Sony’s biggest opening of all-time in that market, and the best of any film during the pandemic.

A staggering 64 percent of Venom’s earnings came from Imax and other premium large format venues, a sign that consumers are willing to dole out extra money for an upgraded experience.

Andy Serkis directs the Tom Hardy vehicle, Venom: Let There Be Carnage.

The film, made in association with Tencent Pictures, co-stars Woody Harrelson, Michelle Williams, Reid Scott and Naomie Harris, the latter as the comic book villain Shriek.

In August, Sony pushed Venom 2 from September 24 to October 15 over theatergoing and the delta variant. But when Shang-Chi did so well, the studio relocated Venom 2 to October 1. The move paid off.

Venom 2 wasn’t the only new title igniting moviegoing.

MGM and Bron Creative’s The Addams Family 2 , distributed by United Artists Releasing, scored the biggest domestic opening of the COVID era for an animated family film with $18 million, despite being available via premium on-demand in the U.S. and Canada.

The dual-release strategy was made due to ongoing concerns about the delta variant and the fact that kids under 12 still can’t be vaccinated.

Both Venom 2 and Addams Family 2 were fueled by ethnically diverse audiences.

A new film that struggled was the The Many Saints of Newark, a Sopranos sequel from Warner Bros. and New Line that had trouble hitting $5 million. The film, like all 2021 Warner titles, is available at no extra charge to HBO Max customers.

At the specialty box office, Neon’s Titane opened to $515,000 from 562 U.S. cinemas to boast the largest opening for a Palme D’Or winner in over 17 years, and four of all-time behind Fahrenheit 9/11Pulp FictionWild At Heart.