Box Office

Weekend BO Report: ‘Venom’ Smashes The October Opening Record With $80m

Written by Dapo Olowu

In a year where ‘Black Panther’ became the 3rd biggest film of all time in the States, ‘Infinity War’ broke both the domestic and worldwide opening record, and ‘Incredibles 2’ became the only animation to break $600m in the U.S.A., it’s really no surprise that Spider-Man spinoff ‘Venom’, even with poor reviews, became another superhero record-breaker. Its $80.3m opening completely smashes the October record of $55.8m held by 2013s ‘Gravity’, and almost certainly has Sony greenlighting a sequel as we speak.

It’s almost double that of nearest competitor ‘A Star is Born’, whose $42.9m is the 4th biggest musical opening of all time (behind ‘Beauty & The Beast’, ‘Pitch Perfect 2’, and ‘High School Musical 3’). In-line with our expectations, it also grossed around $14.2m from 31 countries, including $5.3m from the U.K. This, of course, again couldn’t compare to the might of ‘Venom’; its $125.2m from around 60 countries gave it the October record for a global opening, too. What’s even more impressive is that it managed well over $100m without China, who isn’t getting a release until November 2nd.

The question now for the two films is, where can they go from here? Both films have very different target audiences in mind, with ‘Venom’s young male audience (59% male, 64% under 25) differing massively from ‘ASIB’s older female crowd (66% female, 86% over 25). The two thus won’t have to concern themselves with eating into eachother’s markets, and while ‘Venom’ has barely any superhero competition until ‘Aquaman’, ‘ASIB’s critical reception (including an A on Cinemascore) should provide it with a lengthy Box Office run.

To be precise, a performance similar to ‘Gone Girl’ would see Bradley Cooper’s directing debut close in on $200m domestically, and a run like ‘The Amazing Spider-Man 2’s would see ‘Venom’ end on a solid $180m – a success story for both movies. Of course, ‘TASM 2’ being a summer blockbuster and ‘Gone Girl’ being based on a best-selling book means we should take these comparisons with a pinch of salt, but their opening weekend performances show real potential for breakout hits.

Last weekend’s winner ‘Night School’ saw a 54% fall to gross $12.5m, in behind ‘Smallfoot’s $14.4m. The Universal Studios comedy is now just $3m away from $50m domestically, while ‘Smallfoot’s just $7.7m away from the same number. Rom-com ‘Crazy Rich Asians$2.2m leaves it on $169.2m in the U.S., just $7m away from becoming the 5th biggest romantic comedy in American history.

We only saw ‘Venom’ doing $65m this weekend, so how surprised were you by its gross? And with Bradley Cooper’s directing debut earning rave reviews and $42.9m, is a star truly born here? Let us know your thoughts on Twitter and Instagram – we’re at @JUMPCUT_ONLINE.

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