Finance
Avatar, the highest-grossing film of all time, was re-released in theaters around the world on Friday, September 23. The film was first released in 2009 and broke box office records all over the world. This is the film’s third run, timed to coincide with the promotion for its upcoming sequel. The film has once again performed well at the box office, with a global gross of $15-20 million expected.
In India, lower ticket prices on Friday due to National Cinema Day aided James Cameron’s film, which sold 1 crore in advance bookings alone. Despite competition from Brahmastra and Chup, trade analysts predict it will have a 5-crore weekend in India. According to industry tracker Sacnilk, Avatar sold 77,559 tickets in advance sales, grossing ₹1.04 crore.
The film was released in five markets worldwide on Thursday. According to The Collider, it earned $877k from France, Korea, Saudi Arabia, Belgium, and the Philippines on Thursday. According to CNBC, analysts in the United States predict the film will earn between $7 and $12 million in the North American market on Friday. Other trade sources claim that it can earn the same amount in other countries, including India, bringing its global day one gross to $15-20 million. This is a sizable sum for a re-release, and it will add to the film’s already impressive global gross.
With a worldwide gross of $2.8 billion, Avatar is the highest-grossing film of all time. It briefly lost this title to Avengers: Endgame in 2021, but after being redistributed in China later that year, the additional earnings propelled it back to the top. The third wave is likely to aid in the film’s consolidation.
The film is having its third run at the box office since its initial release in 2009, and this time it is just months before the release of its long-awaited sequel Avatar: The Way of Water, which is set to release in December. The film, also directed by James Cameron, reunites Sam Worthington, Zoe Saldana, Sigourney Weaver, and Stephen Lang from the first film, while also introducing Kate Winslet and Michelle Yeoh.The film is second in a planned five-part franchise, and will release in theatres on December 16, 2022.
Source:HT
