Despite the less than stellar critical reaction to Venom, it seems that audiences are enjoying the film. To date, the film has taken in over $500M at the global box office off of a $100M budget.
The even more exciting news is that Venom has not yet opened in China and Japan – the latter of which we know is excited for the release – and that is leading to some analysts predicting the total to rise to as much as $700M before it exits theaters.
The even better news is just how proitable this will make the film. A film is typically considered to hit profit when it doubles its budget. This is to account for marketing, foreign distribution fees and so on. That means that at $200M the film hit profit. By comparison, Spider-Man: Homecoming had a budget of $175M and didn’t hit profit until $350M, which it didn’t manage at the domestic box office.
If you were hoping for a sequel to Venom, especially considering the credit’s scene, it seems only a matter of time until it becomes official.
