Spider-Man No Way Home has made 1.5 billion dollars so far and still counting.
The previous Spider-Man made 1.1 billion dollars.
299 million from China
27% of the total gross
Spider-Man Homecoming, which was the first Tom Holland Spider-Man film made 880 million.
116 million of that was from China.
13% of the gross
China as a piece of the box office total for the Spider-Man franchise grew 107% in just a period of two years.
And this is a pretty strong reflection of Marvel and American movies as a whole.
The first Avengers movie in 2012 made 86 million dollars in China.
The movie made 1.5 billion globally and China was only 5.7% of it.
Cut to seven years later for the final Avengers movie and a different story.
Avengers Endgame
2.8 billion globally
629 million from China
22.5% of the gross.
A 294% increase as a percent of the total box office earnings in just seven years.
But now it looks like China is calling that quits.
Black Widow released in June of 2021.
Banned in China
Shang Chi released in September of 2021.
Banned in China
Eternals released in November of 2021.
Banned in China.
Spider-Man No Way Home was released in December of 2021 and it’s like the previous marvel films, illegal to watch in China.
Combined, these movies have in theaters alone about 3 billion dollars and with marvel averaging 20% from China, they’d likely have made 600 million more if allowed there.
While Sony technically made Spider-Man No Way Home, which is Japanese, Disney is partnered and apparently getting a large cut of earnings and most of the merchandise.
The loss of losing China’s earnings, even after theater splits means 100-300 million won’t be coming from China into the U.S. economy.
This is a problem.
China used excuses to ban Facebook, Google, most Microsoft products, Twitter and various websites/apps made in America.
They are now banning basically any movie coming from the US, which will cost the US billions yearly.
America has currently a 319 billion dollar trade deficit of with China.
The idea no trade agreement globally are factoring in the value of things as complex as Google or as simple as a movie is just insane and it is costing the US tens if not hundreds of billions yearly.
To a lot of people, this may just seem like Spider-Man, but the truth is this is money, jobs and value the US can’t get from China now while we continue to spend hundreds of billions there.
Something really needs to change fast.