[vc_row][vc_column][vc_single_image image=”7707″ img_size=”970×545″ alignment=”center”][vc_column_text]Sony’s new Venom has been an enigma from the start. Not only would the Spider-Man spinoff movie not feature Peter Parker, but it also hadn’t any ties to the Marvel Cinematic Universe. That, on top of harsh critical reviews; probably meant that the Tom Hardy led film would not do very well. The critics were wrong though, audience review has been favorable, and considering it’s grossed $500 million worldwide, without having hit the Chinese or Japanese markets; Venom is doing remarkably well.
So much so that Venom could end up being the most profitable Spider-Man movie that Sony has ever made and that’s without even including Spidey. In a breakdown by Forbes, the movie is projected to earn an overall gross margin of $630M-$700M. You can see the breakdown below:
“Venom has earned 5.08x its production budget. That makes it, in terms of production budget versus global theatrical grosses, more profitable than any Spider-Man movie since the first Spider-Man movie ($822m on a $139m = 5.91x) back in 2002. Spider-Man 2 earned $784m on a $220m budget in 2004 (3.56x) and Spider-Man 3 (which featured Venom as one of the villains) earned $891m on a $260m budget in 2007 (3.42x). Amazing Spider-Man grossed $758m worldwide on a $230m budget in 2012 (3.29x) while Amazing Spider-Man 2 earned $709m on a $255m budget in 2014 (2.78x). Spider-Man: Homecoming, which is part of the Marvel Cinematic Universe, earned $880m worldwide on a $175m budget last year (5.03x).”
With Venom so successful, Sony is moving forward with their next project, Morbius, which is starring Jared Leto. Has Sony reinvented themselves with Venom? Let us know![/vc_column_text][/vc_column][/vc_row]
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