CYBERSECURITY
Spider-Man’ Scores $93.6 Million in Win for Sony’s A-List Hero
By Anousha Sakoui July 7, 2019 8:36 AM
"Spider-Man swung into theaters this weekend, delivering a jolt to Sony Pictures Entertainment and the slumping box office.The second in a new series on the teen superhero and his alter-ego Peter Parker, “Spider-Man: Far From Home” opened July 2 in North America and led the box office with weekend sales of $93.6 million, Comscore Inc. estimated Sunday. That compared with analysts’ forecasts of as much as $97.4 million for Friday to Sunday.
NOTE: Operating margins for Sony Pictures rose to 6% in 2019 from 4.1% in fiscal 2017, and the company predicts 7% by 2021. The studio has also reduced its risk in film by bringing in co-finance partners like Tencent Holdings Ltd. and Perfect World Co.