“Venom” scored the third-biggest opening for a superhero movie ever in China, only behind “Avengers: Infinity War” and “Avengers: Age of Ultron.”
It continues “Venom’s” impressive box-office run, which could top $700 million globally.
Exhibitor Relations senior box-office analyst Jeff Bock told Business Insider that China responds well to monster movies, and that it had an “advantageous” release date.
“Venom” continued its shocking box-office dominance over the weekend in China, where it opened to a huge $102 million. That’s the third-biggest opening ever for a superhero movie there after “Avengers: Infinity War,” which opened to $191 million, and “Avengers: Age of Ultron,” according to Box Office Mojo.
According to The Hollywood Reporter, it was Imax’s biggest opening in the region, as well, with $10 million of the movie’s China box office coming from Imax screens.
This puts “Venom’s” total worldwide gross at $673 million, which means it could top $700 million globally now that Chinese audiences are responding well to the movie. Its production budget was $100 million, and it’s even more impressive considering the movie’s lackluster 29% Rotten Tomatoes critic score.
“It seems that the disconnect between critics and audiences has taken on an international flair with audiences around the world and most recently China giving ‘Venom’ a resounding thumbs up in the face of mixed reviews at best for the film,” Comscore analyst Paul Dergarabedian told Business Insider.
“Venom” has exceeded all expectations, and has rejuvenated Sony’s “Spider-Man” plans after they looked dead just a few years ago. Now, a “Venom” sequel is more than likely, and Sony can go all in on its other planned spin-offs.
Exhibitor Relations senior box-office analyst Jeff Bock said that the success of “Venom” in China comes down to the country’s interest in monster movies, which “Venom” is maybe even more so than a superhero movie.
“Monster movies are bonafide box office gold in China and ‘Venom’ is about as monstrous as it gets in the superhero universe,” Bock said.
This year’s hit giant-shark movie, “The Meg,” grossed $527 million worldwide, helped largely by the $153 million it made in China. John Krasinski’s “A Quiet Place,” about a family hiding from alien creatures that hunt by sound, received a rare extension on its release in China this year and scored $34 million there. And Dwayne “The Rock” Johnson’s giant-monster movie, “Rampage,” made $156 million in China after a sluggish start in the US.
Bock also attributes an “advantageous” release date to “Venom’s” success in China. According to THR, a Japanese animated film, “Detective Conan: Zero the Enforcer,” opened second with just $10.6 million, and in third, a Chinese romance, “Last Letter,” opened with $5.4 million.
Dergarabedian views international audiences as responding to the same things that moviegoers in the US are “as it continues to confound analysts.”
“The film’s unique style, Marvel branding, and above all Tom Hardy as the anti-hero at the heart of the story [are] proving to be an irresistible combination,” he said.