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The movie Avatar: The Path of Water more than covered the high production costs

The movie Avatar: The Path of Water more than covered the high production costs
The movie Avatar: The Path of Water more than covered the high production costs

One of the most expensive films in history, Avatar: The Path of Water, whose production cost 350 million dollars, and tens of millions of which were spent on promotion, at the end of last week exceeded two billion dollars in sales in cinemas around the world since its first screening in mid-December last year.

Avatar: The Path of Water is now one of only six films in history to surpass the $2 billion mark. This is what movies have done so far Avengers: Endgame, Titanic, Star Wars: The Force Awakens, Avengers: Infinity War and its 2009 predecessor, Avatar. After six weekends in theaters, the sequel to 2009’s Avatar has brought in about $2.02 billion at the box office worldwide, including $1.43 billion in international markets, according to Disney.

Kate Winslet in Avatar: The Path of Water. PHOTO: Profimedia

The film grossed $227 million in IMAX theaters, making it the second highest-grossing IMAX film of all time. CEO of IMAX theaters Richard Gelfond mainly because of Avatar, he stated that the predictions about the end of cinemas were premature. Gelfond is for online media Yahoo Finance stated that the closure of cinemas during the covid-19 pandemic was a severe blow, and the film studios themselves made matters worse by increasing production for online streaming.

According to Comscore, in 2022, movies in theaters in the U.S. will bring in $7.4 billion in revenue, which is 70 percent more than in 2021, but 30 percent less than in 2019.

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The new Avatar has already earned more than 897 million euros worldwide

Avatar: The Path of Water earned $20 million in theaters last weekend, the film jumped from third to second place Puss in Boots: Pussies: The Last Wish with $11.5 million, the robotic doll sci-fi film M3GAN dropped from second to third with $9.8 million.

The article is in Slovenian

Tags: movie Avatar Path Water covered high production costs

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