After Only Two Weeks, Spider-Man: No Way Home Is Already Profitable
After only two weeks, Spider-Man: No Way Home is already profitable.
No Way Home, the 27th overall film in the Marvel Cinematic Universe and the third Spider-Man film co-produced by Sony and Marvel Studios, was released on December 17 in the United States and managed to surpass all expectations.
The film was expected to gross roughly $130 million in its first weekend, but it ended up grossing $260 million, making it the second greatest domestic debut of all time behind Avengers: Endgame.
In less than a week, the Spider-Man film surpassed No Time to Die as the highest-grossing Hollywood film of the year globally, a feat that took the James Bond film months to achieve.
According to Deadline, Spider-Man: No Way Home is already on track for a $242 million net profit after just 10 days in cinemas, based on the film’s total $1.057 billion gross.
The film’s production budget is said to be $200 million. No Way Home’s net profit, on the other hand, is expected to nearly triple to $610 million, according to financial projections.
This is assuming the movie ends its theatrical run with a $1.75 billion gross as insiders expect.