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Avatar: The Way of Water Box Office Approaches $900 Million, Scales Rs. 300 million kroner in India

Avatar: The Way of Water has grossed $889.4 million (approx. Rs. 7,355 crore) at the worldwide box office after its second weekend. Director James Cameron’s sophomore Avatar feature has collected $601.7 million (approx. Rs. 4,976 crore) from markets outside the US, with China remaining a top market while India has contributed over Rs. 300 crore (approx. $36.2 million). Within the US and Canada, the second Avatar film has grossed a total of $287.6 million (approx. Rs. 2,379 crore). With these numbers, the Disney-owned film has surpassed Black Panther: Wakanda Forever to claim the fifth position among the highest-grossing films of the year.

According to Deadline, the Chinese market plunged 55 percent last weekend due to the rise in COVID-19 pandemic concerns. However, it was still able to maintain its top position, adding $25.9 million (approx. Rs. 214 crore) for a domestic cumulative of $100.5 million (approx. Rs. 831 crore). Korea overtook France’s number for second place this week, jumping to a total of $53 million (approx. Rs. 438 crore). In France, Avatar: The Way of Water has earned $52.3 million (approx. Rs. 433 crore), while India is in fourth place at $36.2 million (over Rs. 300 crore). The top five regions for Avatar 2 were rounded out by Germany with $35.7 million (approx. Rs. 295 crores) in ticket sales so far.

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As previously mentioned, the $889.4 million haul has pushed Black Panther: Wakanda Forever down one position. The Ryan Coogler-directed sequel has grossed $801.7 million (approx. Rs. 6,632 crore) at the global box office and is still running in theaters. To be fair, unlike the original 2018 Black Panther, the sequel was banned from theatrical release in China, which is usually a big market for Hollywood films. The prequel grossed over $100 million (approx. Rs. 827 crore) in the country alone. In the US and Canada, Black Panther 2 has collected $427.9 million (approx. Rs. 3,540 crore) – an instance where the numbers are higher than the $373.8 million (approx. Rs. 3,092 crore) collection outside North America. Avatar: The Way of Water, on the flip side, posts bigger figures outside the home front, fueled by a big push from China.

That said, Avatar: The Way of Water is also exceeding studio expectations in the US, according to a report. The first Avatar sequel earned $29.5 million (approx. Rs. 244 crore) in the Christmas weekend instead of the expected $21.5 million (approx. Rs. 178 crore). “Obviously, that’s a big positive sign for the film, with December 26 also being a holiday that has usually gone even better than Christmas,” the report notes. The drop for the Christmas weekend was 52 percent, which is expected given the harsh weather conditions in the region right now.

Neither Disney nor 20th Century Studios have revealed details of the budget, though reports suggest it is around $400 million (approx. Rs. 33.10 crore). For Avatar 2 to break even, the film needs to become the “third or fourth highest-grossing film in history,” as previously stated by Cameron. Currently, these positions are occupied by his own disaster romance films Titanic, and JJ Abrams’ Star Wars: The Force Awakens, both raking in over $2 billion (around Rs. 16,550 crore) apiece. The long running time of 3 hours and 12 minutes was also raised as an obstacle, although the results so far look somewhat positive.

Avatar: The Way of Water is now playing in theaters globally. In India, Avatar 2 is available in English, Hindi, Kannada, Malayalam, Tamil and Telugu.

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