Sony had lowered its estimates for the film, estimating it would come in at around $40 million, while other analysts had estimated $50 million or more. They Expectations seemed low, especially in retrospect, but theaters are still trying to recover from the coronavirus pandemic and audiences may still be low as the global health crisis continues.
However, this weekend’s “Venom: Let There Be Carnage” didn’t slow down.
So, “Let There Be Carnage” beat the opening of the original and did so during a pandemic and at a time when streaming big movies at home has become a new focus for studios. Despite the poor reviews from critics, it also got an audience. The film has a 58% score on the review aggregation site Rotten Tomatoes.
“We are also delighted that patience and theatrical uniqueness have been rewarded with record results,” Tom Rothman, president and CEO of Sony Pictures Motion Picture Group, said in a statement on Sunday. “With apologies to Mr. Twain: The death of films has been exaggerated.”
Despite having a few hits in recent years, October has historically never been known to have big box office hits. In fact, it was a dead zone between the generally lucrative summer movie season and the critically acclaimed prize fare of the holidays.
However, this October is very different.
Not only has this month been uncharacteristically jam-packed, with major movies like MGM’s latest James Bond film “No Time to Die” and Warner Bros. The science-fiction epic “Dune,” it’s a month that could also say a lot about the short- and long-term future of the movie theater business. (Warner Bros., like Granthshala, is owned by WarnerMedia.)
Ultimately, this month could give Hollywood and industry observers a good sense of whether audiences are still ready to pack into theaters.
If “Venom: Let There Be Carnage” is any indication, the answer appears to be a conclusive yes.
Credit : www.cnn.com