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A billion-dollar webslinger: ‘Spider-Man: Far From Home’ could reach box office milestone

Tom Holland is Spider-Man in Columbia Pictures' SPIDER-MAN: Far From Home"
Tom Holland is Spider-Man in Columbia Pictures' SPIDER-MAN: Far From Home"

Spider-Man took his web-slinging skills overseas in “Far From Home,” and it looks like his vacation paid off. The teen hero may just have what it takes to break $1 billion at the box office and be the most profitable Spider-Man movie yet.

Spider-Man: Far From Home,” starring Tom Holland as the title character and Jake Gyllenhaal as Mysterio, is the seventh live-action Spider-Man movie to hit theaters. Within its first 10 days, the Marvel Studios (DIS) and Sony Entertainment (SNE) collaboration has grossed $585 million worldwide. “Spider-Man 3,” the top-earning Spider-Man movie, has grossed over $890 million worldwide since its release in 2007.

“In the wake of ‘Far From Home's’ massive global opening week over-performance ... the film is now riding a wave of momentum that should carry it through to the rarefied air of the $1 billion club,” said Paul Dergarabedian, senior media analyst for Comscore.

Shawn Robbins, chief analyst for Boxoffice.com, thinks the film could join Marvel Studios’ “Captain Marvel” in the $1 billion-plus club. “The staggered global opening and mid-week holiday domestically make it challenging to compare with other titles, but ‘Far From Home’ is trending ahead of ‘Captain Marvel’ in notable overseas countries,” he said.

The fans have spoken

Box office analysts aren’t the only ones who are confident about Spidey reaching the money milestone.

In two recent polls that I conducted via Twitter (TWTR), many respondents considered “Spider-Man: Far From Home” the best take on the character and believed the film could surpass the $1 billion mark.

“Far From Home” dominated one poll asking respondents to name the best Spiderman movie. Out over 8,900 participants, 42% named it the best one, with other favorites being “Spider-Man 2,” “Spider-Man: Homecoming,” and the Oscar winning-animated spectacle, “Spider-Man: Into The Spider-Verse.”

In a second poll, 88% of 3,153 participants said they thought “Far From Home” would gross more than $1 billion.

“It's the first MCU movie to come after [Avengers] ‘Endgame,’ the second biggest movie of all time. That alone should give it a huge boost,” said Daniel Richtman, a pop culture commentator and media influencer. The most successful movie to date is “Avatar,” which raked in $2.788 billion worldwide.

And a $1 billion home run may help spur Sony to keep Spider-Man part of Marvel’s shared universe down the line, according to Jeremy Conrad, a Marvel connoisseur and founder of the website MCU Cosmic.

“‘Spider-Man: Far From Home’ hitting $1 billion will be a very big deal as it will be the first Spider-Man film to reach that milestone, and it’s another reason why Sony will be smart to keep Spider-Man part of the MCU beyond the end of Tom Holland’s six-movie contract,” he said.

Donovan Russo is a writer for Yahoo Finance. Follow him @Donovanxrusso.

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