Spider-Man smashes box office records, surpasses $1B globally

Even with some mighty competition from new Matrix and Sing movies and rising concerns over the Omicron variant, Spider-Man: No Way Home stayed in the No. 1 spot at the box office with $81.5 million US, according to studio estimates on Sunday.

Spider-Man: No Way Home retained No. 1 spot box office in its 2nd weekend, outperforming Sing 2 and Matrix

Tom Holland stars as Peter Parker/Spider-Man in Columbia Pictures' Spider-Man: No Way Home. The movie has earned more than $1 billion US since its release 12 days ago. (Columbia Pictures/Marvel)

Peter Parker's good fortune continued over the holiday weekend as Hollywood prepares to close the books on a turbulent 2021. Even with some mighty competition from new Matrix and Sing movies, and rising concerns over the Omicron variant, Spider-Man: No Way Home stayed in the No. 1 spot and netted a few more milestones too, including crossing the $1 billion US mark globally.

According to studio estimates on Sunday, Spider-Man added $81.5 million over the three-day weekend, down 69 per cent from its first weekend. The Sony and Marvel film has now grossed $467 million from North American theatres, more than doubling the domestic grosses of 2021's previous No. 1 film, Shang-Chi and the Legend of the Ten Rings.

With $587.1 million from 61 overseas markets, in just 12 days of release, Spider-Man has grossed $1.05 billion globally. It's the first film of the pandemic to cross $1 billion and is tied with Star Wars: The Force Awakens for being the third-fastest film ever to do so — and this without the benefit of its release in China.

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Universal's Sing 2 came in second place with an estimated $23.8 million, while Warner Bros.' The Matrix Resurrections grossed $12 million to take third place.

The animated musical Sing 2 features high-profile celebrity talent including Matthew McConaughey, Scarlett Johansson, Reese Witherspoon and Bono, as well as a jukebox soundtrack full of well-known hits. Since its release Wednesday, it's made $41 million ($1.6 million of that came from U.S. Thanksgiving weekend showings) from North America and $65 million worldwide.

Matthew McConaughey attends the premiere for the film Sing 2 at The Greek Theatre in Los Angeles on Dec. 12. The movie came in 2nd place to Spider-Man this weekend, earning an estimated $23.8 million US. (Mario Anzuoni/Reuters)

'We're extraordinarily pleased'

"We're extraordinarily pleased," said Jim Orr, Universal's president of domestic distribution.

Orr said the stellar CinemaScore (A+) and audience scores suggest that the film will continue to perform well in the next few weeks, when many kids are still out of school for the holidays.

The fourth Matrix also opened on Wednesday and has earned an estimated $22.5 million in its first five days in North America. The film, directed by Lana Wachowski and starring Keanu Reeves and Carrie-Anne Moss, is currently streaming on HBO Max as well. Globally, it's grossed $69.8 million to date.

Actor Keanu Reeves gestures during the Canadian premiere of The Matrix Resurrections film in his former hometown of Toronto on Dec. 16. It has earned an estimated $22.5 million in its first five days. (Carlos Osorio/Reuters)

While the studio was hoping for a stronger box office, Jeff Goldstein, Warner Bros.' head of domestic distribution, said the movie achieved what they were looking for as an overall strategy, including HBO Max.

The Matrix Resurrections is the last of the 18 Warner Bros. films released in 2021 to debut both in theatres and on HBO Max simultaneously. Starting in 2022, the studio will have a 45-day exclusive theatrical window on its films.

In fourth place was Disney and 20th Century's The King's Man, a prequel to the action-comedy Kingsman series starring Ralph Fiennes. It came in slightly under expectations with $6.4 million from the weekend and $10 million from its first five days. The audience skewed heavily male (65 per cent).

American Underdog rounds out top 5

The Kurt Warner biopic American Underdog opened on Christmas Day and has made an estimated $6.2 million in its two days in release to round out the top five. Zachary Levi stars as Warner, the quarterback who went from undrafted free agent to Hall of Famer.

Paul Thomas Anderson's Licorice Pizza expanded nationwide on Christmas, after playing in limited release for a month, and added $2.3 million bringing its total to $3.7 million. And right behind it was the Denzel Washington-directed drama A Journal For Jordan, which took in $2.2 million.

With just a few days left in 2021, the North American box office is currently sitting at $4.3 billion and is likely to net out at about $4.4 billion. Pre-pandemic, it was normal for a year's box office to surpass $11 billion.

"To say was a roller-coaster year is an understatement," said Paul Dergarabedian, the senior media analyst for Comscore, Inc. "The marketplace is still facing challenges from the pandemic, but what an amazing capper to one of the most incredible years ever at the box office."

He added: "The future of the movie theatre a year ago was a big question mark, and a year later it's here to stay."

Here are the weekend's top 10

Estimated ticket sales for Friday through Sunday at U.S. and Canadian theatres, according to Comscore. Final domestic figures will be released Monday.

1. Spider-Man: No Way Home, $81.5 million.

2. Sing 2, $23.8 million.

3. The Matrix Resurrections, $12 million.

4. The King's Man, $6.4 million.

5. American Underdog, $6.2 million.

6. West Side Story, $2.8 million.

7. Licorice Pizza, $2.3 million.

8. A Journal For Jordan, $2.2 million.

9. Encanto, $2 million.

10. 83, $1.8 million.