‘Avatar 2’ Reportedly Close To Breaking Even Already As Film Continues To Dominate Box Office

Refresh for latest…: It’s now official, James Cameron’s Avatar: The Way of Water has become the sixth movie ever to cross the $2B mark worldwide. It is also the filmmaker’s third to hit the milestone, alongside Titanic and the original Avatar.

Over the past month, the conversation around “Avatar: The Way of Water” has shifted from, “Will it make money?” to “How much money will it make?” James Cameron‘s much-anticipated — or much-derided, depending on where you sit in the contemporary culture wars — was always expected to make money, but everyone has been shocked at its impact at the global box office. Once it became clear that the movie was going to outperform even its most ambitious expectations, the only question became whether this movie could possibly topple the original “Avatar.” And while that remains an open question, in at least one regard, Cameron’s sequel has already proven itself ahead of the pace.

Refresh for latest…: James Cameron’s Avatar: The Way of Water continues to outdo itself having crossed $1.8B globally and reaching nearly $1.9B at the worldwide box office through this weekend.

On a winter Thursday still ruled by James Cameron’s Avatar: The Way of Water, Sony’s Tom Hanks drama A Man Called Otto and Lionsgate’s Gerard Butler action pic, Plane, sought to get an early start with respectively $635K and $625K each.

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James Cameron’s Avatar: The Way of Water will reign supreme in its fifth weekend over the four-day MLK holiday frame with an estimated take around $35M.

Saudi Arabian family comedy Sattar, about a depressed man who decides to pursue his dreams of becoming a freestyle wrestling champion, has set a new box office record for a local film at home.

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Refresh for latest…: That was fast. Coming out of its fourth weekend of release, James Cameron’s Avatar: The Way of Water has topped $1.7B globally and become the No. 7 biggest movie of all time worldwide.

As soon as James Cameron and 20th Century Fox announced four more “Avatar” films following the juggernaut success of the original movie, naysayers immediately doubted audiences’ appetite for more. But as usual, Cameron has proved the skeptics wrong.

French cinemas amassed nearly 152 million admissions in 2022, new data from the National Cinema Center (CNC) shows. That’s an estimated 26.9% off the pre-pandemic three-year average (2017-2019), and an estimated 59.2% hike on 2021 which endured 138 days of movie theater closures. France reports its box office in terms of admissions, however, the total for the year is expected to exceed $1 billion.

China’s box office in 2022 dropped 36% versus 2021, reaching approximately RMB 30B ($4.35B). According to China.org, citing figures from the China Film Administration, 85% of the 2022 revenue was generated by local movies, led by The Battle at Lake Changjin II with RMB 4.07B ($636M at historical rates, per comScore). This past weekend, James Cameron’s Avatar: The Way of Water became the highest-grossing studio import of the year, overtaking Jurassic World Dominion with an estimated $152.8M through Sunday.

Refresh for latest…: James Cameron’s Avatar: The Way of Water rang in the New Year with another $186.7M from 52 international markets for a $1.379B global cume to date. Excluding China, the film rose 4% from last weekend’s Christmas frame offshore (including China it was even with last session). The international box office now stands at an estimated $957M, meaning Way of Water will cross $1B overseas early this week. 

SUNDAY AM, NEW YEAR’S DAY: Refresh for more analysis and chart While New Year’s Eve is typically a better moviegoing day than Christmas Eve, business was still down yesterday at -27% from Friday for all movies. That’s a similar decline to last weekend’s Friday-to-Christmas Eve (-26%), however New Year’s Eve made more than Christmas Eve, $27.9M to $22.2M. Moviegoing is expected to be +19% on New Year’s Day, and there will be an extra cushion in Monday, Jan. 2 as many typically have off in honor of the Sunday holiday. Per our sources, weather wasn’t an issue this weekend.

After earning the highest grossing Tuesday of 2022 with $24.1M, 20th Century Studios/Disney/Lightstorm’s Avatar: The Way of Water also notched the best Wednesday of the year yesterday with $20.4M beating Top Gun: Maverick‘s June 1 take of $14.8M, and Avatar 2‘s first Wednesday of $14.4M. At a running total of $337.9M through 13 days, the James Cameron directed, Jon Landau produced sequel is pacing 1% ahead of Top Gun: Maverick at the same point in time.

Any cynicism about a broken down Christmas box office, impacted by weather, was wiped away Tuesday as 20th Century Studios/Disney/Lightstorm’s Avatar: The Way of Water racked up $23.8M sending its domestic cume to $317.1M. In addition, the sequel flew past the $1 billion mark at the worldwide box office. Director James Cameron has told the media that the breakeven point for Avatar: The Way of Water stands at $2 billion global mark.

Never bet against James Cameron, they said. And while “Avatar: The Way Of Water” got off to somewhat of a slow box office start—or at least it fell under some of the early projections which made pundits quickly skeptical of its chances—the Cameron maxim seems to be coming true.

Coming out of its second weekend, James Cameron’s Avatar: The Way of Water has banked an estimated $855.4M globally through Sunday. The sophomore session added $168.6M at the international box office in 52 markets for a $601.7M running cume.

We’re hearing that bad weather in the Midwest significantly impacted Thursday grosses with Winter Storm Elliott intensifying into a bomb cyclone. As of this morning, more than 1 million customers are without power across the country, around 4K flights canceled and wind chill in the -20 to -30 degree range as the country gets hammered by severe winter conditions.