‘Avatar: The Way Of Water’ Looks To Dive In With Half-Billion-Plus Global Opening Weekend – Box Office Preview

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. 

When it was originally announced, Damien Chazelle’s “Babylon” seemed like a no-brainer, Oscar favorite. An epic tale of Old Hollywood, written and directed by the filmmaker behind “Whiplash,” “La La Land,” and “First Man.” That’s such an easy sell.

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.

When it was originally announced, Damien Chazelle’s “Babylon” seemed like a no-brainer, Oscar favorite. An epic tale of Old Hollywood, written and directed by the filmmaker behind “Whiplash,” “La La Land,” and “First Man.” That’s such an easy sell.

Refresh for latest…: James Cameron’s Avatar: The Way of Water is close on its way to the $1B global box office mark, having more than handily crossed $900M worldwide through its second Monday. This is the latest benchmark for the highly-anticipated sequel, and comes just 13 days after global rollout began. With $955.1M through Monday, The Way of Water has become the No. 3 highest-grosser of 2022 and the No. 4 biggest film of the pandemic era. What’s more, it is expected to hit the $1B worldwide milestone with today’s turnout. 

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.

While theaters are still recovering from the pandemic directly impacting attendance and box office outcomes, there are still really great movies struggling to find audiences outside of streaming and VOD options when they are released in theaters. Some smaller to mid-range pictures, mainly horror, have done better than expected in the shadow of the $100-200 million-dollar budgeted blockbusters that seemingly come out round-year now.

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.

Indonesian movies had racked up close to 55 million admissions in their home market as of December 18, according to local box office analyst Bicara Box Office, overtaking the previous record of 51.9 million admissions set in the pre-pandemic year of 2019. 

With strong and consistent mid-weeks, James Cameron’s Avatar: The Way of Water has crested the $600M mark worldwide. This comes after it rapidly passed $500M global earlier this week, following its $441.6M opening weekend. The current worldwide total through Wednesday is $609.7M including $426.8M from the international box office.

James Cameron’s Avatar: The Way of Water has grossed $497.1M globally through Monday, well on its way across the half a billion mark worldwide when Tuesday’s take is tallied. 

The Walt Disney Studios officially has crossed $4 billion for 2022, making it the No. 1 studio in the running for this year’s worldwide box office. This occurs as 20th Century Studios’ James Cameron sequel Avatar: The Way of Water is about cross a half-billion worldwide.

A24’s release of Darren Aronofsky’s The Whale had a strong holdover its second weekend out, grossing $168.5k on the same six screens in NYC and LA where it opened its first frame to the biggest per theater average of the year – beating the distributor’s March release of Everything Everywhere All At Once.

Welcome back, Insiders. Jesse Whittock here. Christmas is just around the corner now but the news doesn’t let up. Let’s begin.

Taking a look ahead to 2023, Gower Street Analytics is projecting global box office to hit $29B, repping a 12% gain on 2022 should this year remain on track for approximately $25.8B. The London-based firm estimates 2022 receipts stood at $23.6B as of December 10. 

James Cameron’s Avatar: The Way of Water began its international box office rollout today in such majors as Korea, France, Germany and Italy — and with early sneaks in China. One of the most anticipated movies of recent years, it’s dominating play.