The Financial Web of the Spider-Man Films

The Amazing Spider-Man recently scaled new heights by shattering the expectations of many viewers. This movie is basically a reboot of the successful Spider-Man trilogy starring Tobey Maguire under the direction of Sam Raimi.

Many people were wondering why there was a need to reboot a successful franchise after only five years. After millions watched the on-screen chemistry of the new Peter Parker actor Andrew Garfield and her leading lady Emma Stone (Gwen Stacy), there was no question that the reboot was justified.

According to data from movie tracker Exhibitor Relations, the Amazing Spider-Man racked in $62 million from its initial run from Friday to Sunday. It drew $140 million in its first six years in the United States of America alone. Globally, The Amazing Spider-Man collected $201.6 million more to bring its totals to closely $341.2 million.

The Amazing Spider-Man retold the origin of Spider-Man during his high school years when he fell in love with Gwen Stacy and fought the Lizard. It was a huge success even though it had origin elements from the first Spider-Man movie in 2002.

The First Spider-Man (May 2002)

1st Weekend: $114,844,116
Worldwide Gross: $821,565,375
US Gross: $403,706,375
Budget: $139,000,000

The numbers of the first Spider-Man movie in 2002 clearly showed that it was a huge success. Its budget of $139 million grew to about $404 million. It was the first movie to reach the $100 million mark in a single weekend. For its opening day, it earned close to $40 million.

Spider-Man was the highest-grossing film of 2002 with $403,706,375 in the United States and Canada alone. It defeated The Lord of the Rings: The Two Towers and Star Wars Episode II: Attack of the Clones.

Spider-Man presently ranks as the 13th highest grossing film of all time behind The Dark Knight. It also generated in excess of $10 million in many international markets:

Australia ($16.9 million)
Brazil ($17.4 million)
Tunisia ($32.9 million)
Germany ($30.7 million)
Italy ($20.8 million)
Japan ($56.2 million)
Mexico ($31.2 million)
South Korea ($16.98 million)
Spain ($23.7 million)
United Kingdom, Ireland and Malta ($45.8 million)

Spider-Man also earned additional revenue when its television rights were sold for $60 million. Toy sales reached $109 million. DVD revenues initially earned $338.8 million and still growing.

Spider-Man introduced the world to teen prodigy Peter Parker (portrayed by Tobey Maguire) as he battled the nefarious threat of the Green Goblin. The film narrated the origin of Spider-Man from student to the crime-fighting wall crawler.

Spider-Man 2 (June 2004)

1st Weekend: $88,156,227
Worldwide Gross: $783,705,001
US Gross: $373,524,485
Budget: $200,000,000

Spider-Man 2 opened to the tune of $40.4 million on its first day in the United States of America alone. The box office receipts rose to $180 million for the first six days of the film and went on to gross $373.5 million in the USA.

Globally, Spider-Man 2 reached lofty heights of $783.7 million, easily overcoming the $200 million budget of Sony Pictures.

Tobey Maguire reprised his role as Peter Parker as he fought the diabolical plan of his mentor Dr. Otto Octavius otherwise known as Doctor Octopus.

Spider-Man 3 (May 2007)

1st Weekend: $151,116,516
Worldwide Gross: $890,875,303
US Gross: $336,530,303
Budget: $258,000,000

Spider-Man 3 had higher expectations because Sony Pictures gave it a lofty budget of $258 million. It earned $336.5 million in North America and $554.3 million in other countries. Globally, the third movie scored $890.9 million and became the highest grossing film in the entire Spider-Man trilogy.

When it opened on a Friday, it earned $104 million for a box office record. It broke these box office totals the following day with $117.6 million. The IMAX screenings reached $20 million in only 30 days.

Released in 4,252 theaters, Spider-Man 3 became the highest grossing film in 2007. Midnight showings earned $10 million. Spider-Man 3 had $29.2 million in 16 other countries for new box office records. It became the top movie in 107 markets as it netted $230.5 million.

Spider-Man 3 continues the story of Tobey Maguire as Peter Parker and Kirsten Dunst as Mary Jane Watson. As Spider-Man, Parker faced the threat of the Sandman and the alien symbiote Venom that attaches itself to unknowing reporter Eddie Brock.

The Need for a Reboot

Judging from the box office sales of Spider-Man 3 or the entire Spider-Man trilogy for that matter, it was a financial success. This is why many wondered why there was a need to reboot the Spider-Man franchise with the film The Amazing Spider-Man.

According to insiders, Sony Pictures negotiated a fourth film for director Sam Raimi and Tobey Maguire to reprise his role as Spider-Man. Apparently, there was a disagreement in the flow of the story and with contractual negotiations. This is when Sony decided to go on a fresh direction with their Spider-Man franchise.

With the success of Marvel Studios’ the Avengers, many fans were clamoring for the inclusion of Spider-Man in the all-star superhero cast including Iron Man, Captain America, Thor, Hulk, Black Widow and Hawkeye. But Marvel cannot do it because they sold the film rights of Spider-Man to Sony Pictures. What Sony Pictures did was breathe new life to Spider-Man with a new origin movie and a new Peter Parker to boot.

The Amazing Spider-Man featured Andrew Garfield as the new Peter Parker. Many thought he fit the mold of Parker more accurately than Tobey Maguire because of his lanky and nerdy demeanor. The charismatic Emma Stone was also introduced as the new leading lady. She portrays Gwen Stacy, Peter’s high school sweetheart, and not as Mary Jane Watson.

The box office success of the Amazing Spider-Man justified the need for a franchise reboot. It showed a healthy demand for the Spider-Man brand from children to adult fans of the friendly wall crawler. Because of the financial success of the Amazing Spider-Man, Sony Pictures has announced a sequel and a possible trilogy starring Andrew Garfield and Emma Stone.

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The Financial Web of the Spider-Man Films