Madame Web Box Office Suffers Huge Second Weekend Drop (But Is It Sony Spider-Man Universe"s Worst?)

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Summary

Madame Web experienced a steep 64% drop at the domestix box office in its second weekend.
The movie is projected to only reach $35 million domestically by the end of the weekend, far from its $80 million budget.
This week 2 drop is nevertheless not the lowest of the Sony Spider-Man franchise.

Madame Web has suffered a significant week 2 drop at the box office. The superhero feature, which stars Dakota Johnson as clairvoyant paramedic Cassie Web, is the latest installment in Sony's Spider-Man Universe, which includes the popular Venom movies and the infamous critical flop Morbius. The movie opened midweek over the Valentine's Day holiday, earning a 3-day opening weekend total of $15.3 million, though even if its head start is included, its 6-day total still marked the lowest opening gross for the entire franchise.
Per Deadline, the Madame Web box office has dropped from second to fourth place on the domestic chart in its second weekend with a projected 3-day gross of $5.56 million. The movie's cumulative domestic total is estimated to reach $35 million by the end of Sunday, a total that pales in comparison to its reported $80 million budget, a cost which means that it will likely have to earn at least $160 million in order to hit the break-even point. This also marks a significant 64% drop from the movie's opening weekend.
How Madame Web's Week 2 Drop Compares to the Rest of the Sony Spider-Man Universe Close A 64% drop is not a very good result for any blockbuster title, let alone one with such a big budget. However, the Madame Web release actually had the second-best drop of Sony's Spider-Man Universe so far, which is currently a four-movie franchise with two additional movies (Kraven the Hunter and Venom 3) set to premiere before the end of the year. Below, check out how the new movie's drop compares to the previous installments in the franchise:
Title
Domestic Opening
Week 2 Drop
Worldwide Total
Venom (2018)
$80 million
56.4%
$856 million
Venom: Let There Be Carnage (2021)
$90 million
64.7%
$506.9 million
Morbius (2022)
$39 million
73.8%
$167.5 million
Madame Web (2024)
$15.3 million
64%
TBD
Madame Web's week 2 drop was slightly better than Venom: Let There Be Carnage, which turned out a significantly lower gross than the previous installment in the Venom subfranchise. However, because its opening weekend was so much higher, Venom 2's second-weekend gross of $31.8 million was still considerably above the new movie's scant $5.56 million take. The same is true of Morbius, which had a second-weekend haul of $10.2 million despite a catastrophic, franchise-worst second-weekend drop.
Your browser does not support the video tag. This spells bad news for the Madame Web movie. The movie is still struggling to pass the $100 million milestone worldwide, let alone the $160 million threshold it likely needs to hit in order to end up in the black. With big blockbuster titles coming throughout March including Dune: Part Two, Kung Fu Panda 4, and Ghostbusters: Frozen Empire, it seems unlikely that the movie will be able to stand up to the competition and earn its money back.
Source: Deadline

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