|January 26, 2023|
Moviegoers return for big blockbuster spectacles
HOLLYWOOD - Disney’s “Avatar: The Way of Water” has topped $2 billion at the global box office, making it the third James Cameron film to reach this benchmark.
Only five other films have hit this metric — the original “Avatar,” “Avengers: Endgame,” Cameron’s “Titanic,” “Star Wars: The Force Awakens” and “Avengers: Infinity War.”
At last count, “The Way of Water” had tallied $598 million from domestic ticket sales and $1.426 billion from foreign markets. The film is the sixth highest-grossing film of all time and will likely move up in the rankings as its theater-run continues.
“The film has now joined that very exclusive box office club and has made it look almost effortless,” said Paul Dergarabedian, senior media analyst at Comscore.
The box office has struggled to recover in the wake of the pandemic, as audiences shifted to more at-home viewing and fewer films reached the big screen. As the industry rebounds, films like “The Way of Water” have proven that moviegoers are eager to return for big blockbuster spectacles, NBC reported. And many are willing to pay for premium showings like IMAX or large format screens that often come with a higher price tag.
Story Date: January 23, 2023