‘Black Panther’ Breaks Another Box Office Record After Crossing $700 Million Mark In 2 Weeks

Can this be a lesson on unity and the power of black economics? I’m not saying that other communities didn’t contribute to success of Black Panther, of course they did. But we all know that the black community had a lot to do with the success of this film. If only we realized the strength in powernomics.

Via NY Times:

If it keeps this up, “Black Panther” could be the newest member of moviedom’s $1 billion club.

Having had a week to absorb its record-setting arrival, Hollywood is now sizing up the staying power of Marvel’s latest superhero movie. In its second weekend, “Black Panther” demonstrated an astounding hold on audiences in the United States and Canada, collecting about $108 million and pushing its global total after only 12 days of release to roughly $704 million, according to comScore.

As a point of context, Marvel’s “Guardians of the Galaxy” collected $773 million in 2014 over its entire five-month run.

Imax, which is playing “Black Panther” in more than 60 countries, said people are paying to see the film more than once, a quality that the biggest of the big movies share. “This movie has very strong word of mouth and a deeply loyal core fan base, which are both necessary criteria for repeat business,” said Greg Foster, Imax’s entertainment chief.

And the euphorically reviewed film has yet to arrive in China and Japan, two of Hollywood’s biggest markets. Strong results in other Asian countries, including South Korea, bode well.

For the weekend in North America, three new movies arrived in wide release, and each struggled to get noticed as “Black Panther” dominated. “Game Night” (Warner Bros.) did the best, taking second place with an estimated $16.6 million. New Line, a division of Warner, spent about $35 million to make the R-rated comedy, which received very strong reviews and stars Rachel McAdams and Jason Bateman.

The holdover “Peter Rabbit” (Sony) chugged away in third place, selling about $12.5 million in tickets, for a three-week total of $71.3 million. [read more…]

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