‘Wakanda Forever’ could become Marvel’s 11th billion dollar movie | Popgen Tech
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With the release of “Black Panther: Wakanda Forever” this week, Marvel Studios will welcome the 30th entry in its ever-growing cinematic universe.
The home of characters like Spider-Man and Captain America has almost single-handedly transformed the blockbuster moviegoing experience into the domain of superhero and franchise entertainment.
And that paid off big for parent company Disney, which acquired Marvel in 2009 for $4 billion.
Since the release of “Iron Man 2” in 2010, Marvel has helped Disney earn $22.5 billion at the global box office. In 2022 alone, “Thor: Love and Thunder” and “Doctor Strange in the Multiverse of Madness” brought in a combined $1.69 billion.
Marvel created the new benchmark in filmdom in terms of what we think a blockbuster gross should be.
Jeff Bock
Exhibitor Relations Co.
In fact, 10 of the 29 films released since the Marvel Cinematic Universe first began with “Iron Man” in 2008 have grossed more than $1 billion at the global box office.
“They set the new benchmark in filmdom in terms of what we think a blockbuster gross should be,” said Exhibitor Relations Co. media analyst. which is Jeff Bock on CNBC Make It.
“They are the epitome of box office success in terms of how we frame that conversation.”
Even Marvel’s lowest-grossing films still did big numbers at the box office, with “Black Widow” bringing in $379 million and “Eternals” taking in $401 million, despite dismal numbers from to poor reviews and prevented theatrical release during the pandemic.
“Wakanda Forever” is the sequel to 2018’s “Black Panther,” which grossed $1.3 billion and is currently No. 14th highest grossing film ever made.
Whether or not it lives up to the original’s performance remains to be seen — the film will be without Chadwick Boseman, who played the titular Black Panther and died in 2020 after a private battle with cancer.
But “Black Panther” losing its star doesn’t mean audiences won’t flock to see the film. Bock said fans of the “Fast” franchise came out to see “Furious 7,” which lost star Paul Walker midway through filming.
That film, which included a heartfelt tribute to Walker, grossed $1.5 billion and is currently the No. 10 highest grossing films of all time.
“When we talk about the loss of Chadwick Boseman, it’s really a tribute to him as well,” Bock said. “You tend to think that a lot of people would show up here the same way they did. [for ‘Furious 7’].”
“Wakanda Forever” will have a pretty clear runway to try to outdo its predecessor, with no other big movies coming out until James Cameron’s “Avatar: The Way of Water” hits theaters in mid-December.
If recent history is any indication, Marvel’s 30th film is likely to be a box-office success.
“When we look at the top 10, top 20 movies of all time, those are now filled with a lot of Marvel movies, and will continue to be for some time,” Bock said.
“A lot of people are calling for the death of the superhero movie, and that’s a little premature. Some people might be tired of them, but audiences certainly aren’t.”
Top 10 highest grossing Marvel movies of all time
10. ‘Captain Marvel’
Year of release: 2019
Worldwide total: $1.12B
9. ‘Spider-Man: Far From Home’
Year of release: 2019
Worldwide total: $1.13B
8. ‘Captain America: Civil War’
Year of release: 2016
Worldwide total: $1.15B
7. ‘Iron Man 3’
Year of release: 2013
Worldwide total: $1.21B
6. ‘Black Panther’
Year of release: 2018
Worldwide total: $1.33B
5. ‘Avengers: Age of Ultron’
Year of release: 2015
Worldwide total: $1.39B
4. ‘The Avengers’
Year of release: 2012
Worldwide total: $1.51B
3. ‘Spider-Man: No Way Home’
Year of release: 2021
Worldwide total: $1.91B
2. ‘Avengers: Infinity War’
Year of release: 2018
Worldwide total: $2.04B
1. ‘Avengers: Endgame’
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