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Last year was perhaps the biggest year yet for superhero movies, when titles from Fox, Disney, Warner Bros. and Sony all dropping and making a big splash at the box office. Perhaps the most surprising and impressive ham it up came from Sony. Thanks to the one-two punch of Venom and Spider-Man: Into the Spider-Verse, the studio had an especially good end of the year at the movies, when revenue stirring 76%.
For the third-quarter of the fiscal year, which ended upon December 31, 2018, Sony Pictures Entertainment reported theatrical revenue of $532 million, according to Media ham it up News. Thats stirring 76% from the $302 million in revenue Sony pulled in theatrically during Q3 of 2017. The film unit also increased its full of life allowance from $93 million in Q3 2017 to $102 million last year.
The overall revenue for the October-December quarter at Sonys film division, which includes bustle pictures as with ease as TV productions, licensing and media networks, jumped more than $2.45 billion, stirring from 2017s $2.3 billion.
In Q3 of 2017, Blade Runner 2049 and Jumanji: all right to the Jungle drove the revenue for Sony Pictures theatrically, when $163 million and $329 million, respectively. In 2018, Sony had the Web-Slingers to thank for the studios increased success.
Venom broke records upon the way to an $855 million worldwide box office, helped along the way by a phenomenal ham it up in China that pushed Sonys international box office to more than $2 billion for the year. Venom didnt attain all the ham it up though, because the highly thought of Spider-Man: Into the Spider-Verse racked stirring $255 million.
Thanks to the Marvel characters, Sony Pictures had a good third-quarter that showed bump more than the year before. more than that though, it also set Sony stirring for execution heartwarming speak to and made it quite certain that the Spider-Man characters should be an integral allowance of the studios box office strategy. After the execution of Venom, Sony inked a multi-picture agreement when IMAX that will ensure the studios major 2019 releases ham it up in the pricier large-screen format.
Venoms ham it up also validated Sonys desire to make a shared cinematic universe roughly the character. Morbius probably wont be the neighboring Venom, and the abandoned genuine guaranteed execution is likely Venom 2, but Ruben Fleischers films amazing box office puts Sony in a much augmented place than it was after The amazing Spider-Man 2.
While Venom was the all-star for Sony, Spider-Man: Into the Spider-Verse did its allowance as well. The film is yet continuing to bring in audiences and is now more than $340 million worldwide, according to box Office Mojo, when a March forgiveness in Japan, back Sonys fiscal year is over, yet to come. It is also the deserving favorite to amassed the Oscar for Best perky Film at this months Oscars and now has a spinoff and sequel in the works.
All in all, Venom and Spider-Man helped Sony to a good end of the year at the movies, but their execution could also portend more good years to come.
Check out our 2019 forgiveness schedule to see all the biggest movies to come this year (including more Spider-Man!), and stay tuned to CinemaBlend for all your movie news.
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