Sunday, August 7, 2022

Spider-Man: No Way Home can net Sony $600+ Million in profits

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The Spider-Man: No Way Home has earned a lot of money in the ticket-collecting window and according to reports, Sony Pictures can have a profit of more than $600 million from the third part of the series (Spiderman: No Way Home). After surpassing the benchmark in just 12 days of release, the theatrical release will earn at least $242 million from its current total of $1.057 billion.

It has collected a revenue of about $1.13 billion worldwide box office of 2019’s Spider-Man: Far From Home and became Sony’s highest-grossing movie, No Way Home earned a profit of $610 million according to reports. The total projected global box office is of $1.75 billion. The production cost was $200 million and the marketing cost was $248 million and Home media, Deadline’s box office editor Anthony D’Alessandro stated:

After exhibition’s cut of the box office, global rentals will send $825M back to Sony. Theatrical release costs are factored at $200M for production, and $248M in global [print and advertising]…These box office gross levels should trigger an additional combined global home and TV net monies (less distribution costs) of $405M. Broken out that’s $135M from a very robust domestic home market including streaming, PVOD and DVD…$80M from foreign home entertainment, $25M from U.S. free TV, $35M from domestic Pay TV, and $130M from International TV.

Total revenues home plus global theatrical rentals equals $1.23 billion. Subtract all worldwide P&A, production cost, participations and residuals of $620M combined and we settle at a $610M profit.

Sony and Disney-Marvel expired with their five-movie pact expired with Far From Home in 2019. Disney agreed to sponsor 25% of the budget for 25% of the profits. Spider-Man franchise producers Amy Pascal and Marvel’s Kevin Feige confirmed the two studios are developing the story for Spider-man 4 in Marvel Cinematic Universe.

Read more: Here is the list of all Upcoming Movies on Netflix in January 2022

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