Sony’s Venom is finally hitting theaters this week. Despite predominately negative reviews from critics, the film is still tracking for a strong opening weekend. The latest projection suggests a huge debut across the globe.
Venom is currently tracking to open in the $160-175 million range worldwide. This includes a projected $60-65 million domestically. Some analysts even think that the movie could hit $70 million, but that is still TBD. Regardless, anything higher than $55 million would give Venom the biggest October opening weekend in history, surpassing 2013’s Gravity. The film will face competition from the acclaimed A Star is Born, which is currently tracking for a $30 million+ debut but could hit $40 million.
Even if it gets a big opening weekend, it’s possible that poor word-of-mouth will lead to Venom collapsing in subsequent weekends. (See Batman v Superman: Dawn of Justice.) However, Venom‘s production budget is $100 million, which is smaller than most superhero movies nowadays. So, the film probably won’t have much trouble turning a profit. Emphasis on “probably.”
Stay tuned for more box office updates as we have them.
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