Box Office: ‘Spider-Man: Far From Home’Saves a Lagging Summer

Box Office: ‘Spider-Man: Far From Home’Saves a Lagging Summer

$DIS, $SNE, $CMCA, $CBS

Spider-Man lights up the box office world wide, the Superhero pic did huge business over the long 4th of July Holiday

In a win for Sony (NYSE:SNE) and Kevin Feige’s Marvel Studios, Spider-Man: Far From Home scored a huge-day launch of $185.1-M from 4,634 North American theaters, including a near-record $93.6-M over the 4th of July weekend. Globally, it now has hauled in $580.1-M.

The only tentpole to have earned more over Independence Day weekend was Transformers: Dark of the Moon in Y 2011 ($97.9-M), not adjusted for inflation. Far From Home boasts the biggest 6-day July Fourth debut of all time. It also is Sony’s best 6-day opening ever.

Far From Home’s better-than-expected performance is welcome news for the struggling box office, where a number of Summer franchises’ installments lagged.

Far From Home was buoyed by glowing reviews and exit scores, as well as an A CinemaScore. The film also is playing in a record number of theaters for the month of July.

Holding steady at #2 was Disney and Pixar’s Toy Story 4, now in its 3rd frame. The tentpole grossed a $34.3-M for the weekend as it sailed past the $300-M mark domestically to clear $650-M in worldwide ticket sales.

Universal and Working Title’s Yesterday came in 3rd with a weekend tally of $10.8-M, a narrow 37% decline from its opening. The romantic comedy’s 10-day domestic take is $36.9-M, while its global total stands at $57-M.

Annabelle Comes Home came #4 with a 2nd weekend gross of $9.8-M. The horror film has earned $50.2-M domestically to date for a worldwide total of $134.8-M.

Disney’s Aladdin crossed the $900-M mark at the global box office Friday rounded out the Top 5 all the way in its 7th weekend. The live-action tentpole is another major win for Disney, and finished Sunday with a global take of $921.7-M.

The Holiday’s other new nationwide offering, A24’s Midsommar, also came in ahead of expectations. The horror pic scored a 5-day debut of $10.9-M from 2,707 cinemas. A24 says it’s the best bow of the year for an indie film if counting the full 5 days and not just the weekend.

Among other specialty titles

CBS Films’ documentary Pavarotti cleared the $3-M mark domestically.

Have some fun, see a movie this week.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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