‘Avatar’ sequel rings up $17 million in US debut night

AFP / Alberto E. Rodriguez

Director James Cameron’s long-awaited “Avatar: The Way of Water” pulled in $17 million (AED 62 million) at US and Canadian box offices from its first showings on Thursday night, distributor Walt Disney said.

With international sales, the sequel to the highest-grossing movie of all time has generated $50.4 million (AED 185 million) at theatres around the globe since the film started rolling out on Wednesday.

Thursday’s domestic tally was below the recent Disney release “Black Panther: Wakanda Forever,” a Marvel superhero film that racked up $28 million (AED 103 million) on its first evening in November.

Hollywood’s question is whether “The Way of Water” can recoup its massive production and marketing costs. Studios split ticket sales with theatres, and Cameron told GQ magazine that “The Way of Water” will need to make $2 billion (AED 7.35 billion) to break even.

Sales from first-night screenings do not always correlate with the final tally, particularly around the Christmas holiday season. However, box office experts predict “The Way of Water” will play in theatres for several weeks, as the original movie did, which will be key to earning back its budget. Forecasters said that the sequel should end the opening weekend with at least $140 million (AED 514 million) from domestic theatres.

“The Way of Water” was released 13 years after the first film wowed audiences with pioneering 3D technology. It remains the all-time box office champion with $2.9 billion (AED 10.7 billion) in global ticket sales.

In the new installment, actors Sam Worthington and Zoe Saldana return as Jake Sully and Neytiri 10 years later, now parents of five children.

Their peaceful life is interrupted when the Sky People, the Na’vi name for humans, return to go after Jake. The Sully family seeks refuge with the oceanic Metkayina clan and must quickly learn the ways of the water to survive.