Rave reviews may help ‘Spider-Man’ deliver holiday gift to theatres
LOS ANGELES — The newest Spider-Man movie adventure won glowing reviews from film critics, and box office analysts predicted the superhero action spectacle would set pandemic-era sales records at cinemas this weekend.
Spider-Man: No Way Home, produced by Sony Corp’s (6758.T) movie studio and Walt Disney Co (DIS.N), stars Tom Holland as Marvel’s web-slinging superhero and Zendaya as his girlfriend, MJ. The film opens exclusively in theatres on Friday.
As of Tuesday afternoon, No Way Home had earned a 98% positive score from 65 reviews collected on the Rotten Tomatoes website. Supporters said the storyline would please old and new fans alike.
“Spider-Man: No Way Home is a goliath that feels destined to eat the world, a potent combination of the ongoing Marvel Cinematic Universe and nostalgia for what came before,” said Esther Zuckerman of Thrillist.
Brian Truitt of USA Today called the film “a rousing entry that doubles as a love letter to the comic-book character, a film very much about second chances and a cleverly crafted reminder of that famous adage: ‘With great power comes great responsibility.’”
Advance ticket demand has been strong, a welcome sign for movie theatre chains, including AMC Entertainment (AMC.N), Cinemark (CNK.N) and Cineworld (CINE.L) that are still struggling to lure back audiences amid the COVID-19 pandemic.
The holiday season around Christmas typically ranks as the second-biggest movie-going period of the year, but recent box-office tallies are hovering well below pre-pandemic levels.
Steven Spielberg’s West Side Story remake disappointed with $10,6 million in domestic ticket sales last weekend, prompting new questions in Hollywood about what it will take to attract crowds back to theatres.
First-day presales for No Way Home were the highest recorded by ticket seller Fandango since 2019’s Avengers: Endgame, the second-highest grossing movie of all time.
“We’ve worked so hard on this film,” Holland said in an interview with Reuters. For it to be so well-received is awesome.”
Paul Dergarabedian, senior box office analyst at Comscore, said he expected No Way Home to haul in more than $130 million in US and Canadian ticket sales over its opening weekend. A debut at that level would mark the first $100 million-plus weekend since December 2019.
“That will wash away much of the negative news that came before and hit a positive reset for theatres as we head into the box-office year of 2022,” Dergarabedian said.
Hollywood will closely watch this weekend’s results to help gauge the future of movie-going amid the rise of streaming television. Tom Rothman, the head of Sony’s movie division, said he believed the rush for advance tickets to No Way Home showed “people are ready to get back to the big screen”.
“This movie was made for movie theatres,” Rothman said.