Spider-Man: No Way Home is a new milestone for film screenings in the era of the Covid-19 pandemic by breaking sales records in its debut week.
The film, starring Tom Holland, grossed $50 million in US and Canadian theaters during its premiere week.The results of this sale broke records during the pandemic era. Box office analysts estimate ‘No Way Home’ total domestic receipts for the weekend topped $240 million. This is tantamount to placing the film in the top five debut films of all time.
“This is also an example of having the right content at the right time with the holiday corridor starting to run smoothly,” said Shawn Robbins, chief analyst at BoxOfficePro.com.
The film’s early success was good news for cinema chains including AMC Entertainment Holdings (AMC), Cinemark and regal chain Cineworld. Cinemark called ‘No Way Home’ the biggest sale of all time on opening night. AMC shares even jumped 23.5 percent in active trading on Friday. Meanwhile, Cinemark shares rose 2.9 percent.
Spiderman: No Way Home’ tells the story of Peter Parker, the spider-man superhero played by Tom Holland and Zendaya who plays MJ, Parker’s lover.
Here, the film emphasizes Parker’s dilemma after being slandered and his identity exposed by Mysterio, played by Jake Gyllenhaal.
So far, the film ‘Venom: Let There Be Carnage’ grossed the most sales with US $ 90 million domestically in the first 3 days in October 2021. While ‘No Way Home’ is expected to continue to increase sales this weekend.
Film critics warmly welcomed the story of Parker et al. Evidently last Friday, 95 percent of the 220 reviews on Rotten Tomatoes rated Spider-Man No Way Home positively.