The ‘Avatar’ sequel will reportedly open in China, giving it a chance to make the $2 billion James Cameron says it needs to break even

“Avatar: The Way of Water.”

“Avatar: The Way of Water” has been approved for release in China, according to The Wall Street Journal.
The first movie was a hit in the world’s second-largest film market, with over $260 million.
Director James Cameron says the sequel needs to be one of the highest-grossing movies ever to break even.

“Avatar: The Way of Water,” the long-awaited sequel to the biggest movie of all time, will reportedly avoid the fate of other Hollywood blockbusters during the pandemic and open in China. 

Chinese film officials approved the movie for release in the world’s second-largest theatrical market on December 16, the same day it opens globally, according to The Wall Street Journal.

Disney did not immediately respond to Insider’s request for confirmation.

Director James Cameron recently told GQ that “The Way of Water” was “very fucking” expensive to make and needs to be “the third or fourth highest-grossing film in history” just to break even.

That would mean it needs to be make at least $2.07 billion to surpass the current No. 4 movie of all time, “Star Wars: The Force Awakens.” 

Cameron’s “Avatar” and “Titanic” are the No. 1 and No. 3 highest-grossing movies ever, respectively. “Avengers: Endgame” is No. 2.

China should be an essential market for “The Way of Water.” The first movie grossed $262 million there, including nearly $60 million from a re-release last year that showed there’s still an interest in the property in the region.

Hollywood releases have otherwise been few and far between in China during the pandemic, as China’s film administration looks to bolster its own film industry. Film officials have made it a priority for local films to account for at least 55% of China’s box office in a given year.

China surpassed North America as the world’s biggest film market in 2020 and 2021 …read more

Source:: Businessinsider

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