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'Spider-Man: Homecoming' Crushes Previous Franchise Opening Weekend Record In India

Spider-Man: Homecoming in India, Increasing interest in Hollywood movies, Review of Spider Man, Marvel Production

Sunday, 9 July 2017

/ by Ravi Chaubey

Video:Official Trailer of Spider man(Homecoming)
Back in 2007, Sony's Spider-Man 3, the third Tobey Maguire-starring movie in the franchise, broke the record for a foreign film in India by spinning a 19.2 crore rupee /$4.7 million opening weekend net result at the box office. In the years since, a half-dozen Hollywood movies have beaten that record—most notably Disney and Jon Favreau’s The Jungle Book with its whopping 40 crore /$6.4 million debut—but none of the subsequent Spider-Man films was able to come close. Until now.
With its nearly 9 crore rupee result on Saturday, Spider-Man: Homecoming  has reached 17.8 crore ($2.74 million) and on Sunday will handily beat the 10 year-old record set by the Tobey Maguire sequel. Because exchange rates have changed so dramatically over the intervening decade, with the rupee declining by more than 60 percent against the US dollar—the new film will fall short of the older one in dollar terms.
Still, Spider-Man: Homecoming is on the right track to join the ranks of the top 10 highest-grossing Hollywood films in Indian cinema history. To make that list it will have to beat its own franchise’s Amazing Spider-Man 2, which earned $13.3 million in India in 2014. The next rung higher in the rankings also belongs to a Peter Parker feature, the first Amazing Spider-Man, which caught $14.5 million in revenue in its web in 2012.
None of this record-breaking business should come as a surprise to anyone. Marvel's Cinematic Universe has accounted for four of the 10 highest-grossing foreign movies in the annals of Indian cinema, and three of those four are Spider-Man movies. Strong word-of-mouth for the new film should ensure a robust theatrical run for the next several weeks.
Spider-Man: Homecoming has been performing extremely well in most of the territories where it has opened thus far. In North America it will bring in an estimated $125 million in its opening frame, and in South Korea it scored the 8thbiggest opening day in the territory’s movie history. Korea, like India, strongly favors local movies over imported ones, but also like India it has made an enthusiastic exception for the Marvel superhero films. By Sunday, Homecoming's five-day South Korean opening will exceed $25 million.

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